For such a cheap stock PRHL just announced some monster projections. No one has really noticed yet so it could be the perfect hidden gem.
I 've not been a big fan of Chad Carlson or
the directors and insiders at Startek.
Last year was a fiasco IMO.
However, most people pay little attention
to this company. (see the avg volume)
SRT has one thing going for it that it didn't
in 2015. Year over year comps will improve
as a result of the Accent acquisition.
This will show in coming quarterly reports
as accretion adds to revenue totals. Margins
should also improve. There is about a week
until the earnings announcement.
Jreb, SRT announced its 1st quarter conference call on May 5th, 2015.
Scheduling date of the event for Monday May 11th.
I suspect you will see announcement of the earnings date next week?
I've followed this company since the date it was founded
as a packaging vendor for Microsoft and Broderbund.
StarPak was the name.
I've seen it evolve into the call center business and
didn't care for the business model. No moat, low margins,
concentrated in one vertical with telecom.
That being said. I understand SRT's business model
and like to follow undervalued companies in my backyard
of Colorado. SRT has literally whipsawed investors over
the years. The shares trade daily in very low volume
and it can be very volatile on news.
Because of the low volume. I thought I would point
out something that its likely positive for SRT?
OPTIONS activity? SRT normally reports earnings
May 10-11. Someone has taken an in the money
CALL of 118 contracts on the May 20th expiration.
I have never seen any option OPEN interest in SRT
over the years because, quite frankly,there is very little
interest in SRT. So it is interesting that someone is
playing the earnings report long.
Where is the 14A proxy statement? Last five years, they have filed the last week of March, announcing a shareholders meeting the first week of May. It's the last week of April - and nothing. Indicative of anything?
Low key Chad Carlson never likes to set the bar
too high. Expectations are muted after last years
disappointing results. The 1st quarter has never
traditionally been overwhelming. However, skeptics
have StarTek in a "show me" mode. If Carlson & Co
can build on the momentum of the better results
reported in February? Skeptics will be swayed.
We've got a couple weeks to get ready
for the May 10-11th report. I expect interest in
SRT will pick up.
Old expressions lend to imagery which is seldom
used today in the world of political correctness.
What metaphor am I reaching for with Startek?
Simply that with float so tight, and expectations so
low....SRT could easily explode on good news.