OTCPK:ATBEF - Post by User
Post by
Marc303on Nov 19, 2014 3:52pm
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Post# 23145253
Just listened to the call...
Just listened to the call...and nothing too positive or negative. On the bright side SY still has lots of cash on the books and their international business is growing rapidly. It almost sounds like they expect to see continued increased uptake internationally vs domestically over the shorter term at least. On the negative we're coming to the point where we'll be realizing the hit of losing the large customer (I forget who it is now) in the next quarter. Grant it the stock took a huge hit on this news this time last year so one would hope that bad news is already built into the price but you never know.
I don't see any catalysts to move this stock up dramatically any time soon, unless they can sign one or two top 20 insurers to a number of their products in the short term. Otherwise it seems they'll continue their slow and steady growth with small to mid-size providers who certainly seem to be taking to their tech. We'll likely see some choppy trading over the next quarter until the loss of the big customer is well behind us, but over the long haul (aka 2+ years) I'm still bullish on this stock. Good luck to all!