By Steve Moore | Thursday 28 November 2013
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
UK IT services group, Phoenix IT (PNX) was one of the first companies I covered on this website earlier this year (see HERE) – concluding, with the shares then at 157p, that the valuation didn’t look attractive. The following updates – with the shares at 145p – on the back of the company's results announcement for the six months ended 30th September 2013.
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