Mike Arnold
Long only, small-cap, tech, growth at reasonable price

Time To Sell Huron Consulting

Huron Consulting (NASDAQ:HURN) is a provider of operational and financial consulting services, operating in four main segments:

  • Healthcare
  • Legal
  • Education and Life Sciences
  • Financial

The company recently reported its full year 2013 numbers (unaudited), guiding to $720 million in revenue (15% growth year-over-year), $120 million in operating income and $2.90 per share in earnings. Management is also guiding for mid to high single digit revenue growth in 2014, excluding the impact of a couple recent acquisitions (described below).

While Huron's revenue growth is impressive, I think the stock fully reflects the progress made in the underlying value of the business. Shares are up nearly 100 percent over the last year, and, in my opinion, are fully valued at...

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