The GuruFocus 52-week low screener
reveals that Nuance Communications Inc. (NUAN
) is at a 52-week low of $18.94 (high was $25.89). According to the GuruFocus Value Screen for 52-week lows, NUAN is 26.8% off the high. But activist investor Guru Carl Icahn
of Icahn Capital Management is putting his dough on this amazing voice recognition and imaging systems company that, in hindsight, has made television's old “The Jetsons” cartoon look like a kind of inspirational blueprint for today’s talking cars and interactive smart phones.
At last month’s launch of Nuance's mobile advertising “Voice Ads,” Guru Carl Icahn
became the largest stakeholder with a new buy of around 29 million NUAN shares. As of March 20, 2013, the stock price range was $19.5 per share. According to GuruFocus Real Time Picks, Icahn increased his position again by 15.58% as of April 30, 2013, adding around 4.5 million shares in the price range of $23.30 per share, just as Nuance Communications reported a less than expected second quarter. The current NUAN share price is $19.04, with a change from average down 18%. The stock is down 23% over the past 12 months. Continue Reading »