If Carlson rubbed two nickels. He might be
able to tally 8 cents? Startek is an employment
agency employing nearly 12,000 people worldwide.
Its business is labor intensive with low margin
returns. Its paper thin operating margins are continuously
under pressure by increasing costs. Carlson has had
4 years to improve operations, in an environment where
all of his peers are doing better than he is. What is this?
A perennial Soviet 5 year plan?
So far. Startek is trading dollars and cannot put 2 positive
quarters together ,back to back. He promises double digit
returns in 2015?
Its show me time Mr Double nickels.
Jreb, Did you notice Engine also has an interest
in PFSW? Privet's Rosenzweig who sits on Startek's
board also is a board member of PFSweb.
Coincidence? Perhaps Privet and Engine share more
than the affinity to the same investments.
Thanks, I found it very interesting. The date of the filing
was in April of 2014, showing a holding of 575,000 shares.
At over 3% , Engine Capital is one of SRT's largest institutional
shareholders. It seems like this activist has been very successful
in pushing for change in undervalued companies.
The latest Carbonite deal is an example.
Startek already has several activist groups who have a stake.
I too expect the company to be acquired at some point in the
future. If management continue to stumble. It could be sooner,
rather than later?
Jreb, I have to agree. Time for Carlson & Co to start eating
their own dog food. No inside purchases for over two years
is a tell. I'm getting tired of the fits and starts. Maybe he should
concentrate on making the existing business profitable, before
making new acquisitions? Where did you see the information
on Engine Capital?
Mlrb, Revenues are up, and more important,
operating margins are increasing. The companie's
NOL's will shelter profits for many years increasing
cash. Why not let Heska imaging pay for itself, rather
than dilute with a secondary?
Your grandfather was right. But that is another subject.
Wilson has plenty enough incentive through generous
stock options, without diluting shareholders to pay himself
more. There is only 4-5M float and you want to dilute
Do that ......and watch the share price tank.
If Wilson continues momentum I expect. The company
will have plenty of cash to pay off the remaining balance
Could be? Its also possible a bear trap manipulator looking
to trip stops. Anyone who uses stop limit orders with this thinly
traded company is going to lose his position.
Better late than never.
Abaxis reported last week and beat expectation.
Clearly ABAX and HSKA are taking market share
The relationship with Henry Schein is growing
and Heska's new announcement of distribution
in Canada confirms. Schein recently acquired
the Canadian distributor.
We will see double digit growth for Heska in 2015.
With the limited float, and multiple expansion HSKA
could see $30.
A couple years ago Heska employees were glum
and downbeat. Wilson has changed the culture and
created a positive attitude.
I expect to see good news of the relationship with
Eli Lilly/Elanco. Elanco will like expand operations
at Diamond, and could very well purchase the Iowa
facilities. Eli Lilly has become one of the largest
pharmas in Animal Health as a result of the deal
with Novartis. Heska and Elanco's relationship
will grow similarly, as Abaxis has with Abbott.
Plat, You might take time to keep an eye from your
Wayzata perch, on Hutch.
I know you are familiar with the company, and have
mixed feelings? IMO it will be one of the best performers
of 2015. Friday it started to breakout of a 3 month channel.
Last year HSKA, SRT, and HTCH were my three favorites.
Hutch was the laggard. I expect the company to make up
for it this year.
Happy New year to you!
Jesse Livermore once said, Stock investing
is more about sitting, than thinking." In other words.
If Heska had reached $20, I would not sell.
I have owned HSKA since Mar 2009 and its been a
rocky road..But I have never been more convinced
Heska is on the right track.
This quarters results will be challenging for
HSKA because of a stellar 4th quarter in 2013.
If they miss. Its a buying opportunity.
I expect HSKA to give guidance for 2015 that will show
record revenue, and EPS.
HSKA is no longer a value company with unrealized
potential. Heska is a growth company with many
I do expect Heska to be acquired. But not too soon.
Share holders will be better served to realize the
benefits of the foundation Wilson has put into place.
Doc, This Buffalo Bob's annual trip to New York.
He combines it with an open expense acct., a couple
of Broadway shows, great dining, and a chance to
take the bows for turning Heska around...LOL.
You wouldn't want to deprive him....would you?
Hutch made a breakout run in mid 2014 and pulled
back to trade in a nice base pattern, in and around its
50 day MA. This is the kind of chart pattern I like.
Consolidation to a tight trading range.
Especially with so many positive catalysts looming large.
Any news of progress with the Image stabilization initiative,
or early press release on earning expectations could launch
this puppy. Keep powder dry.
I'll repeat what I've said before.
Most bashers commenting on Vista do not understand
their model, or business plan.
VGZ is an aggregator of assets much like a streaming
company Like Sandstorm, or Royal gold.
SAND has 14 employees, RGLD has 20 employees.
Our little VGZ has 14 employees and very little overhead
and Zero debt.
By contrast Allied Nevada ANV , which Vista spun off for a
huge gain has, 400 hardhat pick & shovel employees, and
a ton of over leveraged debt.
You cannot compare VGZ to the miners that have a tough
environment and limited resources. Vista can wait out the
turnaround in gold. It has done so in the past, and is prepared
to do it today.
Eye for it, You described the whiners perfectly.
I suspect most fall in the camp where they bought,
lost money, and are disgruntled.
One of the best analysts in the business.
Adrian Day, says "You want to own Vista because of
their asset basis. Vista has a project near Bishop, Ca
that the market values a zero. Vistas market cap is
less than $35M. Adding up Vistas assets on a conservative
basis gives VGZ a multiple of $150MM."
It doesn't make a darn bit of difference what the sp has
done in an environment that has been ugly for the whole of
the industry for the last 3 years. You want to own companies
with little debt that can sustain the downturn and come out of it
leveraged for 1000% gains. If one doesn't have the steel to
stay with the risky gold mining sector, they have no business
crabbing about it.
Sentiment: Strong Buy
Fred, I like and own a couple of unloved Canadian
resource companies. DNN Denison, and SVY Savanna.
Tax loss selling has been brutal and many of the canuck
resource stocks should do better in 2015.
Startek has made great strides in confirming
the faith stake holders have shared over the past 3 years.
Last quarters earnings reaffirmed the positive tangent
for growth in 2015. As Omar has stated eloquently.
"SRT can no longer be considered a just a value company,
but rather a company poised for growth."
SRT blew away expectations in Nov's earnings
report. I am looking forward to an even better Feb.
earnings call. Happy New year to all.
Those who watched, witnessed Heska rise from $5.50 share
two years ago to $18 today. HSKA has a PE of 35, (not 50)
which doesn't reflect the companies growth prospects.
I expect 2015 to have double digit growth in the range of 15-20%.
Keep watching, witnessing, and whistling willie.