Q: How do you feel about Open Text (OTC) now that it appears they are going to announce their second quarter in a row with a fairly large miss? Is the growing earnings per share story broken or just taking a breather?
CIBC's Investor's Edge, has 2016 eps estimates currently at $3.91. If I lop off 30 cents of that to take into account the downward 2016 eps revisions and assume the shareprice will fall close to $55 tomorrow, I get a 2016 p/e of 15.23. Worth holding?
Whats your best ballpark "guestimate" as to the new 2016 revised earnings for OTC?
Thanks, as always.
John
CIBC's Investor's Edge, has 2016 eps estimates currently at $3.91. If I lop off 30 cents of that to take into account the downward 2016 eps revisions and assume the shareprice will fall close to $55 tomorrow, I get a 2016 p/e of 15.23. Worth holding?
Whats your best ballpark "guestimate" as to the new 2016 revised earnings for OTC?
Thanks, as always.
John