INTU), among others. It goes without saying that all of these concerns have been reflected in the stock price, which at one point was down close to 50% on the year, effectively ending Bergeron's tenure as CEO. Believing the company had finally "paid its dues," retail investors are ready to believe in this story again, citing (among other things) VeriFone's strong third-quarter results. But is it worth the reward of the 47% jump in the stock price since the middle of June? Despite the third-quarter performance, which included a revenue beat of at least 5% (according to some estimates), I don't think retail investors should get carried away here. I'm not suggesting the sequential improvement was not meaningful. I just don't believe this company, which is still without a permanent CEO, has sufficiently addressed its lack of competitive leverage.