Back on topicTT, BB et al:
Please stick to the subject. As amusing as your barbs are, they don't necessarily have a lot to do with the main topic of this message board. Perhaps you should just exchange email addresses and have at it?
I think we can all agree that the MAIN reason for CGI's loss of market value is due to circumstances beyond the company's control (i.e. market forces). The basic fundamentals haven't changed.
I would argue that CGI still remains an excellent long term investment since we have lots of cash and relatively low debt ratio, a massive pipeline of work that is unlikely to dry up, and solid long-term contracts in place that will endure any economic downtown.
Compared to some other investments, I'd argue that we're pulling through this market turbulence relatively unscathed.
Really the only question is when will market conditions allow for a true and fair valuation of this company?
The IT outsourcing market is still strong (in the US and Canada). Even during times of spending restraint companies still outsource, in fact it can even pick up steam as companies are reluctant to take on headcount through hiring.
The fundamentals are good. Stay the course, CGI believers. Long term growth is still the plan.
- Serge.