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.
Regular readers will know I am not a fan of Capita (CPI) which describes itself as an ‘international business process outsourcing and professional services company’. When I was growing up, it was a company that started as a small cap, quickly become a mid cap and ended up as a FTSE 100 institutional investor darling. I never purchased it myself, which initially looked stupid, but the mere 86.9% share price fall over the last five years has made me look a bit smarter.
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