RE:RE:RE:RE:Q3 next thursday, may 12CandyC wrote: if they are under promising and over delivering then why has the stock gone from its high of $5.50 to $2.07 in pre stock split terms
Candy, this is the last time I'm going to state this:
Most small cap tech sector stocks in both Canada and the USA have taken an aboslute beating over the past year in terms of a huge drop in their share prices.
You present STC as if it's alone in its share price drop.
Here are some numbers for you:
STC:
5.50 to 2.07 (your numbers)
down 62%
Two of STC's major competitors:
RingCentral (RNG):
52W High 315.00 USD
Closed yesterday at 88.76 USD
down 72%
8x8 (EGHT):
52W High 30.55 USD
Closed yesterday at 9.65 USD
down 68%
A small sampling of other Canadian small cap tech stocks (none of which I have owned):
AT
52W High 15.72
Closed yesterday at 3.86
down 75%
KWE
2.68
0.50
down 81%
MAGT
65.80
24.43
down 63%
TCS
61.06
24.43
down 60%
....along with many more which have experienced similar (or worse) declines.
How about some bigger names:
SHOP
2,228.73
618.30
down 72%
LSPD
165.87
28.53
down 83%
NVEI
180.00
67.10
down 63%
Instead of acknowledging the above, you seem to prefer to ignore it and pick on STC. Yes there's a chip shortage and STC is one of its victims, but It's hurting other companies that acquire chips to use in their products / hardware in this and other sectors as well. However, STC has become much more of a SaaS company and is now less reliant on hardware sales as a % of total revenue, and even moreseo with the addition of S2S, an acquisition which you also use as part of the reason for STC's share price drop.
I'm all for reasoned debate as to the pros and cons of STC (there are a number of small cap tech names I think deserved their share price drop and wouldn't touch), but simply saying STC is sub-par because of the share price performance during this period while ignoring what's happening in the sector as a whole is, to put it gently, very misleading.