Does anybody remember....... when CGI made it's last acquisition?
Was it two, maybe three years ago? Maybe longer?
We're sitting on a pile of cash, $1.5B in credit, record low interest rates, and probably some pretty good bargains out there.
What's the problem Mike?
Surely there is a company we can snap up for between $1 & $2B? Give us a boost to get over $5B in annual rev and maybe $1.50 eps.
These share buybacks are obviously not working as method of adding shareholder value.
Time for a new strategy.
- Serge.