Nov 02nd 2012 - Edison Investment Research today published a report on PSI entitled "Some Patience Needed". In summary, the report says:
Although management narrowed the FY EBIT guidance range to the lower-end, this should not have come as a huge surprise given the well-flagged temporary challenges that PSI faces in the German electrical energy management markets. We note that production management revenues held up well during Q3 and infrastructure software continued on a strong growth path. In spite of expected continued short-term headwinds, the stock trades at an attractive level, given the strong structural top-line opportunities as well as margin leverage going forward.
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