September 30, 2008

New 52 Week Low for Nuance Communications

Nuance Communications appeared on the 52 week low list today, despite the 500 point rally in the stock market. As their third quarter earnings report will attest, this company is a long term growth story, as acquisitions are eating into their revenues.

As of September 24, this stock is still a MF Hidden Gems recommendation. It appears that the company still has some growing pains to endure before they become consistently profitable and are able to focus on growing their earnings.

If you can stomach investing in the current market environment, this may prove to be a good entry point into this stock, but I would expect to hold it for a good 3-5 years.

For more on Nuance Communications, click here.

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