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Q: I’m trying to understand why the stock price is doing so poorly. The price has significantly dropped YTD, over 48% and 37% in 1 year. The price is $30 below their initial share price when they were spun out from SNX in late 2020. Part of the reason I think is they bought a company (Webhelp) which the market didn’t seem to like? Recent results have been mixed and they now have $5.8B in debt. They are profitable and have some money in the bank though. Any ideas why the stock has dropped so much? Are they now priced correctly or are they fairly undervalued with a potential to grow share price again?
Read Answer Asked by Raymond on October 21, 2024
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