Polycom Inc. reported 2011 revenue as $1.5 billion. With decreasing product sales that offset increasing service sales, Polycom’s 2012 revenue dropped:
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PLCM data by GuruFocus.com
GuruFocus conducted a financial and performance checkup on PLCM and found these warning signs:
Polycom Inc.’s operating margin has been in a five-year decline with the average rate of decline per year at 4%. Also, the company’s asset growth is faster than its revenue growth, possibly meaning that the company may be getting less efficient. The Polycom Inc. revenue has been in decline over the past 12 months. The average price of PLCM was $28 in second quarter 2011, and dropped to $10.1 by fourth quarter 2012. PLCM revenue per share annual growth:
[ Enlarge Image ]PLCM data by GuruFocus.com
Cooperman’s Omega Advisors Inc. has approximately $7.5 billion under management as of Feb. 28, 2013. His holding history and the average price of PLCM:
Is PLCM a small-cap to follow? Alongside billionaire hedge fund manager Leon Cooperman, other Gurus have increased their Polycom positions, while others reduced or sold out. See a history of PLCM Guru trades.
Cooperman’s other top buys, top sells and top holdings as of fourth quarter 2012:
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