Sigma's Share Price a Cause for Concern?

Amdocs Ltd. (NYSE: DOX), which I hold in my portfolio tracked by "Globes", has appeared every so often in the Israeli press in negative items about layoffs or leaving offices. However, it recently held a fairly optimistic analysts' day in New York, which encouraged investors.

Sometimes, paradoxically, what encourages investors can depress employees. Amdocs management made it clear that as long as the global economy is in recession, the company will continue to aggressively maintain its profit level and cash flow. That means potentially more layoffs and office closures.