EPAM Systems Inc (EPAM)

hi

The company has dropped by 10% in headcount over the last year, clearly the have issues with demand for their services. Let's see if there are bigger problems yet to be discovered in their ersning calls

any views about EPAM?

OMG..is this a deliberate attempt from Co mgmt

They do AI, you know, the hot artificial intelligence stuff.

Very bullish.

this flag will go down with this ship who's jumped out too early

Bottom $183 ???

Are u serious ???

How the thing is so low here? One needs to replace overpaid tech workers with outsourced labour in friendshore locations, EPAM having most of it workforce in Europe, Mexico and India have strong fundamentals here. What am I missing?

Any one here is alive? why this is going so badly down?

WHATS WRONG?

Today EPAM systems should be jump 385 and more Today we are interested in investment of 3 Billions USD from 385 in Epam today and will invest more 5 billions from 533 and more 6 billions from 732 in EPAM Systems

Today EPAM should be jump 385 and more Today we are interested in investment of 3 Billions USD from 385 in Epam today and will invest more 5 billions from 533 and more 6 billions from 732 in EPAM Systems

Today we are interested in investment of 3 Billions USD from 385 in Epam today

hihw

I'm happy that I bought it for an average price of $210. now we can wait for it go go back to $600 and then probably $800-1000.

I hope it goes below 200 again so I can buy more

Bought at 205 and 219, looking good so far.

go 150

too cheap.. but be cautious

The current problem comes from the employee side as their workforce is 24% in Ukraine, 18% Belarus, 17% Russia, 14% Central Europe and the remaining 17% split between America, Western Europe and the Middle East. So they have between Ukraine, Russia and Belarus 59% of their workforce, they are trying to relocate them to safer places in Ukraine or neighboring countries, although it is something that could take time. People think that a risk that could mean 5% to 20% turnover justifies the stock dropping 70%. The company is taking action and until last week NONE of their engineers were affected. Moreover, they have had a plan in place for years that already had this problem. The market is discounting that all the engineers in Ukraine, Russia and Belarus are going to stop working permanently and the company is not going to do anything to solve it. The risk is real but not at all this absurd punishment to the share price. Those who have studied it well and are confident will be able to make a lot of money, and the vast majority, as always, will not. I think it is all very much discounted. If now the CEO were to come out and say that all of his engineers in Ukraine are unable to work and they can't replace that work, that would be 20-25% of the company's jobs, and that's because the company has already dropped 70%, so it would even go up. Worse news may be out there, but I would say that any communication with some indication will make it bounce. Uncertainty scares a lot of inexperienced investors, and as soon as the situation becomes clear, even if it is bad, the stock goes up. All psychological Not to mention that at the slightest positive news (such as: that 80% of their Ukrainian engineers are relocated, or that they are safe, or that they have hired more from South America, or that the rest of the engineers are taking over the orders or simply a peace agreement), the stock does a x2. Uncertainty always bothers the market the most. Scenarios: If you publish nothing and the uncertainty continues: $250-$300. If you publish that none of your Ukrainian engineers can work and you cannot replace them: $350, if you publish that half of your Ukrainian engineers cannot work but that you are assigning that work to the rest of the staff and hiring more engineers (more realistic scenario): $500. If the conflict gets out of hand and you lose the entire workforce of all those countries: $200. If the conflict ends sooner than expected: $600 So, to put speculative numbers...

epam diamond hands

I think it will fall under 180 or even lower. If I assessed correctly their Q4FY21, ~84% of their delivery professionals are in affected areas:They have 34% in Ukraine, 26% in Belarus, and 24% in Russia. Thus, for now they can count only on 16% of their delivery staff, while still paying for unproductive staff + costs from the war (besides costs helping staff, they may be losing physical assets, such as offices, etc - I don't know).

210 is too cheap to be true it will go 300 before end of the year