Blog Post

I happen to work for this company. It is Goldman Sachs of IT consulting -)). It is very stable, with great pipiline. It has been in $35-$40 range for a year now. Downside limited, but I am not sure if it can move higher without the whole market going higher. It always gets a pop on earnings, which are always great, and then gets sold off. People are always afraid that it will revenue in a downturn.

Hello Ella, Thanks for your info, and congrats for working for such a fine company. My view of the overall market is essentially the same as yours, that this rally can't last, and I'm finding very few stocks that meet my criteria. But if by remotest of chances ACN can take out that double top at 42.00, (and in my system that must be on huge volume or it doesn't count), I will take the plunge. I haven't had time lately to mention all of my watchlist candidates here. All of the others are bear market ETFs. Thanks again! Don

Hey Covestors! It's good to see some conversation on ACN. I also work for them... in Charlotte, NC. I was a re-badge from Duke Energy (DUK) on 1/1/2008. Both are excellent companies with solid balance sheets. At Accenture, we were recently informed that there will be very light bonuses this year and very few raises. I am apparently among those who will not a get a raise. So I went from getting a big bonus and a cost of living raise at DUK, to small bonus and no raise at ACN... not to mention working longer hours. Welcome to ACN, huh? But I'm still very happy with the company and my rebadge experience overall. Anyway, I'm actually thinking of shorting the stock. My thought is that if business is good, there would be bonuses and raises. They are trying to get ahead of the downturn in business. What do you think? Is it good news when a company announces no raises? ... because they are saving money. Or bad news because they cannot afford to give raises? Also, what are the ethics of shorting a company that your are working for? I already own the stock thru the company purchase plan, so it's kind of shorting against the box. Thanks for your thoughts!

Hello Howard, I have a modest proposal for you. My wife works for a certain company with the symbol WFC. They recently advised employees that they couldn't short it. That tells me something. And for various other reasons, partly embedded in epicadv's Aug 3 watchlist comments on it, I had puts on it, which I dutifully liquidated as soon as we were advised that it was forbidden. So, just to make sure that neither of us ends up in the hoosegow, I could buy puts on ACN in your honor, and you could do the same with WFC. Just a thought! Thanks, Don

As long as the FTC doesn't read our covestor blogs during investigations. :-)



At times, I have been long ACN since the outsourcing movement has been taking off... so I'm not sure that taking the short side is wise. I'm more just curious if cost cutting is a good sign or a bad sign. Sometimes it's great for the shareholder when the employee gets the "short stick".



I will put a watch on WTC though.

Thanks for that sobering thought. I wouldn't want them to take me back, so will probably just admire this idea from afar. In any case, there are a few other candidates for shorting that I'm also contemplating, FITM, LFG, NEM, PPC... Later!