We believe the shares of Numerical Technologies have been significantly oversold in the recent weeks given no change to the company's fundamentals and substantial progress in the company's strategic business plan. We are therefore adding the company to the Focus List in anticipation of what we believe to be strong near-term opportunities for share-price appreciation.
Quotes about near-term (16 Quotes)
There's a remarkable respect for the Federal Reserve and their ability to fight inflation, and because of that it's going to be difficult to see any major near-term rise in long-term rates,
There is so much bad news priced into the stock ... and sentiment is so poor, that we believe the disappointing near-term results will be discounted in anticipation of improvements from new management.
We view the terminations of CBI's CEO and COO as near-term setbacks, but do not believe that CBI's story is broken on a longer term and more fundamental level. CBI's fundamentals remain very strong, in terms of cash balance, ability to generate positive free cash flow, backlog, and pipeline of prospective awards, which we believe will weather and outlast any near-term setbacks that investors are likely to attach to the managerial changes. We firmly believe that CBI will regain lost ground on the back of its strong fundamentals, as has been in the case in the past.
That being said, we are not satisfied with our recent performance and have responded by taking decisive actions to improve our results. We are implementing a comprehensive set of initiatives to drive revenues, maximize margin opportunities, further improve our operating efficiencies, cut costs and increase asset utilization. We expect this plan will help offset the continued revenue softness we are seeing and expect to continue to see in the near-term, and will contribute to the long-term success of the Company, which is our goal for stockholders, partners and associates alike.
The online advertising market still seems to be struggling. It's difficult to look at that and see substantial near-term growth.
By raising full year earnings guidance ahead of second quarter results, Wyeth once again inspired confidence that near-term performance expectations remain reasonable.
Looking ahead, while we remain cautious about the near-term operating environment, we are confident in the strength of our franchise and the firm's longer-term growth prospects,
That may limit near-term downside to the name, although with doubts about the company's ability to fix its margin problems, we don't see much upside either.
Importantly, our comments are meant only to reflect near-term conditions, not long-term questions about the viability of online advertising.
Near-term, in a market environment in which investors are fleeing to quality, its stock could continue to do well. Our analysis, however, suggests that the company's long-term earnings growth is likely to be slower than the 15 percent to 20 percent consensus.
We continue to believe in the long-term growth of online advertising. Near-term, however, we don't believe the market will bottom until the first quarter. We estimate only single-digit year-over-year market growth in the first quarter.
This action is consistent with similar steps American has taken during recent months to better align capacity with lower demand, ... This is a very difficult time in the airline business, and we see no near-term improvement. We will continue to evaluate further cuts in capacity and capital spending as conditions warrant.
We deem this action representative of a market that has lost the flurry of last week's panic buying and instead is rethinking its view as to the near-term motivation of the Fed and the impact of Katrina.
With troops in combat, the Congress has a non-negotiable obligation to weigh in heavily on the side of immediate and near-term needs of the military, particularly the Army. In some cases, this means cutting funds from pie-in-the-sky programs that may work out down the road and funding things that we know work today.
Director Mueller and other FBI officials have recognized many of the issues and have already dedicated resources to initiate a variety of near-term improvements in the human resources area. The FBI has accomplished much in this area and its efforts are bearing fruit, ... During the course of this review, we had extraordinary cooperation from, and access to, FBI personnel-from senior executives and managers to unit chiefs and line employees. We believe that this type of access, and the openness of those interviewed, contributed significantly to our ability to understand the issues and develop meaningful and helpful recommendations.