Accenture Ltd. (ACN)
The Company is a management consulting, technology services and outsourcing organization.
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overvalued
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This stock has been highly rated by many anlaysts. Unfortunately, this is an underperforming stock. Some months ago, ACN was caught spinning and misleading investors.
With the heavy staffing in the US and overseas, ACN will be at a disadvantage when competing with other outsoucing solutions corporations, big or samll.
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With all the attention to companies evading US corporate taxes, ACN is bound to fall victim. ACN is based in Bermuda and does not pay US corporate taxes. When asked about this the corporate response has been that their US employees pay US income taxes - another evasive tactic. Senator Carl Levin and the Congress is after these "Corporate" tax evaders. Sooner or later, ACN will be found guilty.
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Financial meltdown will reduce the big dollar projects for this consulting company.
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i've worked for them, and they may jimmy the books a bit to make themselves look good, but their owners and managers are too untrustworthy to rely on
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Money Maker.
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Charge too high of IT consulting rates to compete well in the slowing economy.
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Good Company despite it is a canadian company and I always thought that since it is canadian it will be alright if the recession hits but an american the US dollar vs. the canadian dollar exchange. and many other factors will hurt this company's shares.. I think it will shed alot of points in the coming months coming.
Recs
- india and other low cost markets going direct into US and other majos markets and squeezing out ACN
- too top heavy with old partners

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