High debt spooked the investors.
P/E is 4.6, still investors getting out.
Management - Jim Johnson, Stephen Nundy, Don Duet and others, is not at all interested in turnaround. They are raking millions. They know that they will not get same remuneration anywhere else.
Endgame is clearly being bought out and taken private.
The Cognizant spinoff along with the TSYS/Worldpay swap were the first dominoes to fall on this trajectory.
I would expect more of our businesses to be sold off in the next year to position a core business that could be readily bought.
Capital Markets is a logical sell off as it is already split from Banking Solutions.
And the stock crashing to < $1 per share and then delisting.