3 Mid-Cap Gainers: What to Expect for Longtop Financial, Broadsoft and CenterPoint

Rash Menaria submits:

The following is a list of three top mid-cap gainers from Friday:

Company name

Symbol

Quote change (%)

Longtop Financial Technologies Ltd (ADR)

LFT

11.50%

BroadSoft Inc

BSFT

10.51%

CenterPoint Energy, Inc.

CNP

9.67%

Here are some of the specifics about these stocks and what to expect from them going forward:

Longtop Financial

Longtop Financial was up 11.5% on Friday. Its management announced a change in the companys HR structure and a $50 million stock buyback. These were viewed positively by the investors. Management announced that at least 80% of Longtop employees will now be directly contracted by Longtop subsidiaries, as opposed to third party staffing companies. Earlier ~86% of the companys employees were contracted from third party staffing companies. According to bearish traders, LFT's margins were artificially high because of the cost shift to third party staffing companies. However, management has indic! ated in its press release that this change


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