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The Company is a management consulting, technology services and outsourcing organization.
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DenverCyko (23.15) Submitted: 4/24/08 7:35 AM : Start Price: $38.14 ACN Score: -5.42
This company relies on large corporations with extra money to spend, which isn't there right now. They will dive as all economies continue to slow down.
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lma1 (< 20) Submitted: 6/26/08 6:07 PM
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There are two things that I think your pitch misses:1) Companies don't only engage ACN when they have extra money to spend. A great driver of their business is now outsourcing, and one of the key motivators of outsourcing is a desire to cut costs. Additionally, the best companies look at downturns as the best time to gain market share, and Accenture specializes in serving the best companies. 2) Not all economies are slowing down. ACN has nearly unparalleled global reach and that will allow them to be the leader in places like India, China, and Brazil.
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