silence is deafening
I think we have one of two scenarios. Either nothing is happening, no solid leads on new contracts and downsizing is about to take place, or something big is in the works. Something big could be a sizable contract or contracts, a merger or buyout. I’m going to rule out merger or buyout for the reason they're so silent about the last great financials. Whether you’re being bought out, merging or buying someone else out you want a higher share price. They’re clearly not interested in this, financials aren’t even on their website yet.
That leaves a slowdown or we’re going to see some contracts soon. If I was a gambling man which apparently I am, I would go with a slow down . “Seeking accretive acquisitions to reduce taxes payable” This to me is a sign of divergence. If the outlook for future revenue looked great through a continued flow of contracts then why not pay the added taxes and stay focused on what you know best. Buying another company at this point just for tax savings will cost more than it’s worth. They’re thinking Accretive more than tax savings….why? Because there are no contracts to be had.
I hope I’m wrong.