Barron's Sees A Double In Accenture (ACN)
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Barron's is calling Accenture (NYSE: ACN) a bargain in tech following Dell's (Nasdaq: DELL) recent deal to acquire Perot Systems (NYSE: PER) at a 68% premium.
The article notes that Accenture trades at just 13x estimated FY10 EPS, which is less than half what Dell is paying for Perot.
Bill Smead, founder of Seattle-based Smead Capital Managemen, thinks Accenture could be a $75 stock in three or four years, roughly double its current price.
Link to Barron's Article
The article notes that Accenture trades at just 13x estimated FY10 EPS, which is less than half what Dell is paying for Perot.
Bill Smead, founder of Seattle-based Smead Capital Managemen, thinks Accenture could be a $75 stock in three or four years, roughly double its current price.
Link to Barron's Article
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