Hackett Group Inc (NASDAQ:HCKT)
CAPS Rating:
The Company is a business and technology consulting firm that enables companies to achieve world-class business performance.
The Company is a business and technology consulting firm that enables companies to achieve world-class business performance.
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Ok. Consulting is where all the big IT shops are moving to because the margins are massive. Yet, these guys can't make any money at it.
160M revenue and you can't turn a profit in an industry known for 50% markup?
For it's 110M market cap, I can buy a company that can't turn in back to back years of profitability.. Maybe I can sell that 60M of goodwill to 'goodwill' and get my money back.
It's time to close up shop boys. I'll get the lights on the way out.