OTEX- Good Quarter
August 19th, 2010
Despite 2 analyst downgrades this past week, OTEX share are up 12% today, and now is now up about 10% since first recommended here.
While I will wait for the 10Q before additional comment, from the estimate of free cash flow and cost of capital, it appears the two large brokerage firm analysts were off the mark in their analysis.
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Disclosure: No positions
Kenneth S. Hackel, CFA
President
CT Capital LLC
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