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StarTek, Inc. Message Board

  • z202h100 z202h100 Jul 21, 2006 2:29 PM Flag

    Sure looks mighty ...

    cheap under $13, paying over 8%. If SRT beats estimates on August 2nd, look for this stock to rock.

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    • Enjoy the 8% while it lasts. If they don't report improved numbers on Aug 2, they'll be hard pressed to keep that div coming. On the 1Q call they explained that it was new center builds and cost of attrition that hurt the financials. They haven't announced any new centers in 2Q so that excuse should be gone. (isn't most of that capitalized anyway?) Based on announcing increasing wages in Colorado, it's safe to assume agent churn continues. This along with a continuing stream of management turnover - in 2Q they named their 3rd Ops guy since the CEO changed in May 2005 - doesn't bode well.

      • 1 Reply to didionrock
      • The upcoming earnings report will shed clarity, no doubt. Arguably, though, SRT is in much better shape than they were last time they traded at $12. You don't have to look far beyond the dividend cut, and added revenues from the three new centers to see a brighter cash flow picture (the latest analyst upgrade probably picks up on this). Mix in a positive earnings report, and this stock gap opens three points.

 
SRT
8.30+0.23(+2.85%)Nov 20 4:00 PMEST

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