With the market in such a volatile condition, knowing which stocks to avoid is of prime importance. Even high qualities companies are not immune- as evidenced by our stock to avoid this week- CSG Systems (CSGS).
Analyst Peter Jacobson of Brean Murray, Carret & Co. talked to us a little about this company. They provide customer interaction management on the behalf of companies. Primarily, they provide billing services to two of the major cable companies in North America: Comcast and Dish Network. Mr. Jacobson called the company a “long-standing quality company that provides excellent service to its customers.”
However in the upcoming year, both their two major contracts will come up for renewal. Mr. Jacobson predicts that CSG Systems will be have some “pricing pressures and scope changes upon renewal”, and that earnings will decline in 2009. For this reason, Jacobson is saying shying away from CSG Systems.
For the full interview with Mr. Jacobson including an outlook for this space in the second quarter of 2008 and stock picks, click here.
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