Investopedia: Does BMC Software Offer Durable Value?
I've said it plenty of times, but some ideas are worth repeating -
value-priced tech stocks seldom outperform in the absence of growing
investor confidence regarding growth or significant returns of capital to shareholders. While BMC Software (Nasdaq:BMC)
looks undervalued by many different standards, the company's growth is
unimpressive and there are growing questions about the competitiveness
of its product offerings. As a high-value buyout doesn't seem especially
likely, BMC is going to have to figure out a new path to growth if this
stock is going to work well.