Opensys share price has come down from its past 3 years high. Is the market thinking that that the company no longer has business prospects?
Opensys is an IT solutions provider that derive the bulk of its revenue serving banks with its cash and cheque processing equipment. With the growth digital banking, would might think that it is in sunset sector. But while growth may be challenging, cash and cheques processing will not disappear overnight.
The analogy is like thinking that retail outlets will not longer be relevant given the advent of digital commerce. But as the mall and shopping centres are still with us.
So any expectation that Opensys will go the way of the media sector in the next year or so is probably overblown.
The company is still one of the better performers in the software and IT services sector. And there is also a good margin of safety. I would have thought that this is a goldmine for the value investor.
Opensys share price has come down from its past 3 years high. Is the market thinking that that the company no longer has business prospects?
Opensys is an IT solutions provider that derive the bulk of its revenue serving banks with its cash and cheque processing equipment. With the growth digital banking, would might think that it is in sunset sector. But while growth may be challenging, cash and cheques processing will not disappear overnight.
The analogy is like thinking that retail outlets will not longer be relevant given the advent of digital commerce. But as the mall and shopping centres are still with us.
So any expectation that Opensys will go the way of the media sector in the next year or so is probably overblown.
The company is still one of the better performers in the software and IT services sector. And there is also a good margin of safety. I would have thought that this is a goldmine for the value investor.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
hom3boy
596 posts
Posted by hom3boy > 1 month ago | Report Abuse
damn queit