RE: FOMC minutes3 Jan 2024 18:35
Trying to catch the bottom on this is a mugs game. It's now a lean company with very low debt. While the market is out of favour for the old City, it won't be long before things change.
The hack situation I think was great advertising for CPI. The truth is every single company big and small is at the mercy of such situations. The way they handled it was golden. They pretty much said; what ever happen we'll take the blame. Why do you think sales did not drop, councils and pension funds are more than happy to be able to point the blame elsewhere if they can and Capita is doing just that.
We now have a CEO with the expertise required to bring this company into the new AI tech revolution. While many outsourcers like SERCO had it golden, most of their contracts are physical, CPI is brilliantly positioned to take advantage of AI and trash the competition.
I am happy to keep buying when I have spare cash and addmore CPI to my portfolio.
What's the risk? I am really not seeing much of it