Here's to a better 2023With the stock down roughly 50% from the start of the year, you might think Tecsys is a pandemic stock.
It's not. Having said that Tecsys's two divisions were affected in completely different ways by the pandemic. The OMNI retail experienced a boom and the heathcare business experienced a lull with difficulty in implementing solutions and hospital funds going elsewhere.
Here's my take . In 2022, OMNI retail experienced a slowdown as Covid restrictions lessened and hospitals experienced financial pressure with ERs and operating rooms ( where the money is made) closed. There's still a need, maybe even an increased need for hospitals to implement productivity solutions and e business is not going away ........ so is the stock oversold ?
My opinion is any purchase under $30 is cheap.
Due your due diligence.