what was the story of PSFT?
Question: I never paid much attention to it, but PSFT jumped into my awareness recently, I don’t know why, and I must admit I was amused by its 3 year chart.
What does PSFT do?
Why did it go up so high?
Is there any reason to think it has stopped going down?
Answer: They make software that helps in all facets of businesses and universities to manage money and people. The university where I work is installing PSFT for salaries, student loans, purchasing, etc. I believe they are approaching a minimum. They may have a couple more points on the downside. I’m watching them. I figure a few more points and there is little downside risk.
My usual caveat applies, I know nothing and see nothing. They were over-hyped and over-valued in an already over-hyped and over-valued sector (ERP – entrprise resource planning software).
Compare to Sybase circa 1993/94.
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