Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of JDA Software
So what: Q3 revenue rose 8% to $171.6 million while adjusted profits ballooned 36% to $0.64 a share. Analysts had been expecting $167.2 million and $0.50 a share, respectively, according to data compiled by Yahoo! Finance.
Now what: Mix in what could be a big payout from Credit Suisse and today's action is understandable. According to Bloomberg, JDA says that Credit Suisse's reneging on $450 million in financing for the original i2 deal -- the two companies would finally combine in 2010 -- caused at least $100 million in damages. Do you believe JDA will be able to collect? Would you buy shares at current prices? Weigh in using the comments box below.
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