After record quarterly revenue, the fundamentals are still waiting to kick in at Pivot Technology

, Crisis

Pivot says it "designs, sells, integrates and supports IT solutions."

Keep the faith. All the negatives and overhangs have passed and good times are set for Pivot Technology Solutions, an information technology services provider that reported its annual financial results this week, a couple of months after a rather unusual takeover offer from a group of insiders was rebuffed.

That’s the word from Ralph Garcea, the only analyst who covers Pivot. Garcea works for Cantor Fitzgerald and this week issued a note lauding Pivot’s fourth quarter financials.

Garcea, who in the heat of the battle for the planned insider takeover of Pivot called for an auction as a better way to generate value for the shareholders, added he expected “the rest of the year to have plenty of growth catalysts.”

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