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StarTek, Inc. Message Board

  • tommccauley31 tommccauley31 Aug 23, 2012 10:01 AM Flag

    Privet Fund Mgmt takes 5% SRT Stake:

    Privet Fund mgmt LLC manages investment
    partnerships focused on making event
    driven, value oriented investments in
    small capitalization companies across
    all levels of the capital structure.
    Privets goal is to produce high long
    term absolute returns with a low
    correlation to the broder markets.

    Privet utilizes a research intensive
    approach delving deep into business
    and situational fundamentals to identify
    low valuation investments tied to
    specific catalysts. Because of the
    exceptional knowlege theshold necessary
    to initiate investments. The Fund is
    run in a concentrated manner to ensure
    only the highest conviction positions
    influence peformance.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Ben Rosenzweig is a Startek director and also a principal In the Privet hedge fund.
      What is just as important as the disclosure that Privet has taken a 5% stake in SRT?
      Rosenzweig has also been using incentive options, and direct share purchases to take
      a personal stake in the company. Ben made nominal purchases Aug 2011
      when the company was bleeding, at $3.44 and $3.59. Turnaround stories are often
      slower than we expect. However. Insiders see the progress before retail shareholders
      notice. I believe the street will take notice of SRT before end of year.

      • 2 Replies to tommccauley31
      • Last summer Ben Rosenzweig's Privet Fund announced it had
        taken a 5% position in Startek. Ben also sits on the board of
        SRT and has been acqiuring personal shares/and options.
        Yesterday SEC Form 13Gs were filed listing other institutions
        that own over 5% stake in Startek.
        Shareholders should take notice. Startek not only has the
        confidence of a large percentage of institutional ownership,
        but the group is an elite bunch. Heartland Advisors owns over 9%,
        T Rowe Price 6%, Dimensional Fund 6%.
        When insiders, and large institutions show support and
        confidence, eventually..... good things happen.

        Sentiment: Strong Buy

      • The street will only notice if they start paying a dividend, even a penny or half a cent would be nice and would get more analyst coverage.

 
SRT
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