Robert Weinstein

Why I Love Synaptics at This Price

Yes, HURN is Huron Consulting and the change of company name is a result of editorial changes from my original submission by SeekingAlpha staff.

HURN was actually brought to my attention by another trader of Friday afternoon asking my thoughts on it. My advise at the time was to take a pass on it (it was trading about 19.10 in AH trading at the time I looked at it)

I would agree that it was oversold IF (and its a big if) more shoes don't fall. It has been my experience when seeing this kind of fallout that more bad news often happens which knocks the wind right out of any chance of recovery.

I also expect that lawsuits will keep executives very busy in the next year or so as well as add a legal costs to the bottom line for at least the next year regardless if they don't have more bad news. Not to mention payments for possible settlements. I would not be surprised to hear about a press release saying that money is being set aside to pay for a settlement.

That adds up to a stock that I do not find the risk vs reward ratio to be good enough for me to invest it at this time. I do think it will be interesting to follow it and see what happens.

Best to you