Textura: 4 Reasons You Shouldn’t Buy Into This Sell-off
By Sarfaraz A. Khan – 02/21/14 – 8:59 AM EST
NEW YORK (TheStreet) – Shares of Textura
, which sells cloud-based invoicing and other services to the construction
industry, have dropped 14% this year following a Citron Research report
accusing the company of fraud and misconduct. Deerfield, Ill.-based Textura
denied the allegations while several investment banks came to the
company’s aid with positive commentary. Nonetheless,
Textura’s stock still hasn’t recovered. So, should you listen to the banks
and use the sell-off as a buying opportunity, or avoid the name altogether? To
answer these questions, we’ll dig deeper.
, which sells cloud-based invoicing and other services to the construction
industry, have dropped 14% this year following a Citron Research report
accusing the company of fraud and misconduct. Deerfield, Ill.-based Textura
denied the allegations while several investment banks came to the
company’s aid with positive commentary. Nonetheless,
Textura’s stock still hasn’t recovered. So, should you listen to the banks
and use the sell-off as a buying opportunity, or avoid the name altogether? To
answer these questions, we’ll dig deeper.
Link to complete article:
For those of you who are aware of, or are
following, Textura, here’s some info about what Textura offers….. In a recent announcement
issued by Textura indicating that Textura had “formed a partnership” with AGC
Ohio, whereby AGC Ohio will promote Textura’s offerings to AGC Ohio members,
Textura provided a comprehensive listing of its SaaS services; here we go…..
following, Textura, here’s some info about what Textura offers….. In a recent announcement
issued by Textura indicating that Textura had “formed a partnership” with AGC
Ohio, whereby AGC Ohio will promote Textura’s offerings to AGC Ohio members,
Textura provided a comprehensive listing of its SaaS services; here we go…..
Textura offers solutions to the commercial construction
industry that increase efficiency, enable better risk management and provide
improved visibility and control of construction activities. Powered by a
sophisticated, but easy-to-use workflow engine, Textura’s collaboration
solutions automate manual processes and reduce the amount of paper associated
with a construction project, allowing companies to focus on more business
valuable tasks.
industry that increase efficiency, enable better risk management and provide
improved visibility and control of construction activities. Powered by a
sophisticated, but easy-to-use workflow engine, Textura’s collaboration
solutions automate manual processes and reduce the amount of paper associated
with a construction project, allowing companies to focus on more business
valuable tasks.
Textura®–Construction Payment Management (CPM™) electronically
integrates all construction payment management process components including –
billing, progress claims, lien waiver collection, statutory declarations,
sub-tier waivers, compliance management and payments – into one seamless
workflow. CPM helps contractors and others involved in construction projects
realize significant efficiency benefits from automation and streamlining; and,
risk reduction from improved control and visibility.
integrates all construction payment management process components including –
billing, progress claims, lien waiver collection, statutory declarations,
sub-tier waivers, compliance management and payments – into one seamless
workflow. CPM helps contractors and others involved in construction projects
realize significant efficiency benefits from automation and streamlining; and,
risk reduction from improved control and visibility.
Textura®—Pre-Qualification Management (PQM™)
automates the entire pre-qualification process for everyone by facilitating the
electronic submission, review, approval, and updating of all pre-qualification
documents. PQM’s online data management system allows subcontractors to enter
their information one-time into a private database which can then produce
tailored pre-qualification forms that provide specific information required by
individual general contractors – whether the GC is on PQM or not.
automates the entire pre-qualification process for everyone by facilitating the
electronic submission, review, approval, and updating of all pre-qualification
documents. PQM’s online data management system allows subcontractors to enter
their information one-time into a private database which can then produce
tailored pre-qualification forms that provide specific information required by
individual general contractors – whether the GC is on PQM or not.
Submittal Exchange for Constructionis a
collaborative, secure online system for exchanging, reviewing, and archiving
construction submittals, RFI’s and other design and construction communications
electronically.
collaborative, secure online system for exchanging, reviewing, and archiving
construction submittals, RFI’s and other design and construction communications
electronically.
Greengrade® is a
collaborative online LEED management software tool that allows project teams to
communicate, track and manage LEED project information. Greengrade is fully
integrated with USGBC’s LEED Online and allows a project team to collaborate on
project information in a dynamic and centralized environment. It provides team
members with task lists, automated reminders and reporting tools.
collaborative online LEED management software tool that allows project teams to
communicate, track and manage LEED project information. Greengrade is fully
integrated with USGBC’s LEED Online and allows a project team to collaborate on
project information in a dynamic and centralized environment. It provides team
members with task lists, automated reminders and reporting tools.
GradeBeam® allows
industry professionals to post, manage and access critical project information
in a central location. GradeBeam simplifies and expedites the massive
information exchange that occurs in the pre-construction phases of projects,
including invitations-to-bid (ITBs), drawing/specification distribution,
corrections, addenda, requests for information and responses.
industry professionals to post, manage and access critical project information
in a central location. GradeBeam simplifies and expedites the massive
information exchange that occurs in the pre-construction phases of projects,
including invitations-to-bid (ITBs), drawing/specification distribution,
corrections, addenda, requests for information and responses.
PLANSWIFT® is the
fastest and easiest to use software for accurately completing construction
takeoffs on your computer screen. With PlanSwift’s visual point-and-click
interface, users can drag and drop individual products or assembled product
groups directly onto a digitized blueprint. PlanSwift calculates the takeoffs
automatically -saving valuable time and effort. PlanSwift’s allows industry
professionals to complete more precise and accurate bids every day.
fastest and easiest to use software for accurately completing construction
takeoffs on your computer screen. With PlanSwift’s visual point-and-click
interface, users can drag and drop individual products or assembled product
groups directly onto a digitized blueprint. PlanSwift calculates the takeoffs
automatically -saving valuable time and effort. PlanSwift’s allows industry
professionals to complete more precise and accurate bids every day.
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LATISTA® has
unique expertise in mobile applications for construction. LATISTA’s
modules handle mission critical construction workflows, including quality
management, punch lists, safety, electronic commissioning, and document
management, including managing project specific plans and drawings.
unique expertise in mobile applications for construction. LATISTA’s
modules handle mission critical construction workflows, including quality
management, punch lists, safety, electronic commissioning, and document
management, including managing project specific plans and drawings.
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