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Over the past three years, there's been little to no reason to own Compuware (CPWR). However, that sentiment is quickly changing. The company has re-established itself as a growth story, which should go a long way in helping it fetch a higher buyout price. At the end of 2012, the company rejected a bid from billionaire Paul Singer and his Elliott Management hedge fund to buy the company for $11/share.

Compuware provides software products and professional services designed to increase the productivity of information systems departments. It always pays to be skeptical of companies that claim to offer software for "increasing productivity," as this can be 'hocus pocus' in many cases: take eGain, ...

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