Pegasystems Inc. (PEGA) is a Beacon for Modern Business
Automation of business processes has become essential. Even government organizations, apart from corporations, need such software. Some organizations outsource a few of their processes; companies that do the work for them need computer programs as well. Here is a small-capital stock from the Software & Programming Industry of the Technology Sector. The second trading week of August 2008 has seen the stock price climb to nearly $15 against a 52-week low of $8.73. Institutions own 36% of the stock. The management is in the midst of a stock buy-back move. What makes this stock so desirable? Firstly, the stock is…