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StarTek, Inc. Message Board

tommccauley31 14 posts  |  Last Activity: Aug 11, 2015 1:34 PM Member since: Dec 3, 2009
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  • Reply to

    Investors failing to see the new SRT developing

    by rbrentbyrne Aug 11, 2015 10:50 AM
    tommccauley31 tommccauley31 Aug 11, 2015 1:34 PM Flag

    Carlson didn't buy shares at market. He exercised options
    at a deep discount to the market price. Carlson bought
    shares in the $2+ range , Weaver sold her shares at the
    $6 plus range. Some vote of confidence by the 2 principals
    that know more about the direction of this company than anyone
    else. I'll ask both you and rb. How do you choose your trash
    collector? On their uniforms, the sexiness of the truck, or
    lowest price for service? All SRT has to sell is lowest price in
    a commodity business. And they are still losing market share.
    Goldstein said he would have to check to see why Teletec and
    and Sykes have higher margins than SRT? I don't need to check.
    I can tell you now it is because those companies have a
    customer mix more diversified and less dependent on 1 or 2
    core customers.

  • Reply to

    Investors failing to see the new SRT developing

    by rbrentbyrne Aug 11, 2015 10:50 AM
    tommccauley31 tommccauley31 Aug 11, 2015 12:25 PM Flag

    rb, You and I have been supporters of SRT for
    several years. However, this is not the first
    time Startek blindsided investors. SRT did it
    with a negative surprise in May 2013. That
    proved to be a buying opportunity, but was
    only a quarterly setback. Fact is if u listened
    to the conference call. SRT's legacy base has
    been telecom and its going away. This business
    is a commodity business. Startek has" no moat"
    and they only bought Accent (and weakened the
    balance sheet with debt) to offset the bleeding.
    These telecoms are baloney. Accents biggest
    customer Sprint, is another telecom?
    Startek is doing nothing but trade dollars.
    I believe the CFO spoke loudly with the sale
    of her shares in May. And yesterday she hedged
    when Omar asked questions of when the company
    might be able to show profitability? Mid 2016?
    Startek has always been a higher risk than peers
    because they can't defend their own turf.
    The competitors are taking share of the legacy
    business faster than they can diversify into new
    verticals. Ask yourself what competitive advantage
    SRT has over its bigger competitors? I said it before
    in a previous thread. Price, quality, or service....pick any
    two? SRT's problem is they are selling to lowest price to
    keep their existing customer base at the exact same time
    wage pressures are forcing them to compensate with
    higher wages. If this is going to be a turnaround story
    It should be with Carlson and Weaver having the door
    hit them in the kiester on the way out.

  • Reply to

    Right on the money:

    by tommccauley31 Jul 31, 2015 11:32 AM
    tommccauley31 tommccauley31 Jul 31, 2015 2:11 PM Flag

    Fair enough. Its good to hear your comments.
    I kinda missed you, over the last year and didn't
    hear ya on the last few conference calls.
    I wasn't sure if you still had an interest?
    We now have an ugly chart and have broken
    through the May 2013 lows when Carlson last
    blindsided the faithful. The fact is. We're long past
    the market recession of 08-09. And all stocks are
    at risk of a correction. SRT is going in the wrong
    direction making new 200 day lows everyday.
    SRT's business is economy sensitive. Even if it
    seems like a bargain now. I see no reason to
    front run it and try to pick a bottom.

  • Reply to

    Right on the money:

    by tommccauley31 Jul 31, 2015 11:32 AM
    tommccauley31 tommccauley31 Jul 31, 2015 12:51 PM Flag

    Okay, If the Yahoo information is wrong. I stand corrected.
    The insider roster seemed to be recording all of the option
    exercises of Mr Carlson?
    My point is. Lisa Weaver is voting with her pocketbook.
    You , and Omar, have asked many tough questions of her
    in conference calls. The rosy scenarios of the new software
    platform finally starting to pay dividends, and the growth in
    new medical vertical hasn't played out. When the Chief financial
    officer sells shares, that is a red flag.

  • Reply to

    Right on the money:

    by tommccauley31 Jul 31, 2015 11:32 AM
    tommccauley31 tommccauley31 Jul 31, 2015 12:13 PM Flag

    I could be wrong. I am taking the information from
    Yahoo "insider holdings". Yahoo shows she sold
    10,000 shares in May and now holds 0.

  • tommccauley31 by tommccauley31 Jul 31, 2015 11:32 AM Flag

    jreb, Good observations. Lisa Weaver has sure spoken about her
    future in selling all of her shares in May. When the CFO cashes out
    40% off the highs of January. One needs to figure her confidence
    is lacking. I see the Accent purchase as trading dollars. SRT is
    losing share in their legacy telecom customers and now is buying
    business to keep revenues from falling off a cliff.
    Ajdler Arnaud has had time to assess the damage. Carlson and
    Weaver need to do their do and pony show somewhere else.

  • Reply to

    Time to can Carlson:

    by tommccauley31 Jul 27, 2015 2:49 PM
    tommccauley31 tommccauley31 Jul 30, 2015 2:24 PM Flag

    I'm not an ingrate, or angry with you Omar.
    I know you put a lot of effort into your reports.
    But, do I not have a right to my opinion?
    I am a big boy and take responsibility for my own.
    I go back with this company longer than anyone
    else making comment. I have been in business
    to business sales for 50 yrs and was a vendor for
    "StarPak" in the late 80's-90's when Morgan founded the
    company. Quite frankly I knew SRT was a floundering
    business when I first started accumulating shares in
    2011. I bought inspite of the rotten business model,
    these trading dollar CSR companies have. It was my hope
    they would hang a "for sale" sign out in Greeley.
    In sales , to simplify , there are 3 choices for Mr Customer.
    Price, Qualiity, or Service? Pick any one, or two. You never
    get all three. SRT legacy business has been 60% telecom
    and bleeding because the larger more diversified companies
    like Sykes,Teletech are taking market share. Startek is
    getting doubly squeezed because of wage pressure.
    The only thing SRT can do to keep the poachers out of
    the chicken coop is to lower contract prices to their existing
    customer base. What competitive advantage does Carlson
    have over the other commodity companies? Better quality
    phone reps? Better service? This business will continue
    to get dumbed down because it is an outsourcing business
    in which Mr customer.... only cares about one thing.......
    "Lowest Price."Carlson told shareholders a positive story
    for 2015 and beyond. Shareholders do not need excuses.
    Shareholders need accountability.
    The fact is Omar. You were wrong! Inspite
    of the effort. I have 2 local companies I have done my own
    anals on over the last 5 years. HSKA and SRT. Unlike you
    I am diversified. I am not unappreciative of your blog.
    Opinions are like donut holes ,everyone DONUT has one.

  • Reply to

    Time to can Carlson:

    by tommccauley31 Jul 27, 2015 2:49 PM
    tommccauley31 tommccauley31 Jul 29, 2015 3:59 PM Flag

    Either one of you guys can call me anytime off the board.
    I find it interesting that Omar who was so emphatically
    positive every quarter for the last 4 years didn't bother to
    post to his blog after the last quarter. Now he is saying we
    will have to wait wait for him to re-evaluate?
    Wrong is spelled wrong. Carlson projected growing revs
    and profits into 2015 and that hasn't been the case.
    This is a commodity business. In a market where the
    tide raises all ships, Startek floundered. Now when the
    market is overvalued and stretched SRT will sink faster than
    the others because it depends on sub-contracted revenue.
    ATT is only the canary in the coalmine. If Charlie Ergans
    Dish network acquires T-Mobile he can squeeze the
    peas off Carlson and company, and threaten to move the
    business to TTEC or some other low bidder.
    Omar. Tell me one competitive advantage SRT has?

  • Reply to

    Where is Tom

    by occdocc Jul 3, 2015 8:18 PM
    tommccauley31 tommccauley31 Jul 29, 2015 3:34 PM Flag

    doc, Is the elder statesman here and has to be given credit
    for hanging in through the tough years when Bob Grieve
    sucked the life out of this company. Now Grieve is cloistered
    to a back closet. This is Wilson's company for better or worse.
    I always figured Heska was undervalued on the basis of assets.
    Now the company has growing revenue and an acquisition candidate.
    Heska is a perfect score of Abaxis.

  • Reply to

    Where is Tom

    by occdocc Jul 3, 2015 8:18 PM
    tommccauley31 tommccauley31 Jul 29, 2015 11:21 AM Flag

    Hi Doc, I'm still here. I did do a little reallocating but
    still have a substantial position. HSKA continues to
    have good prospects for growth. I've believed along
    the company will be acquired. This has been Wilsons
    Modus Operandi, and has a much larger principal
    share than Buffalo Bob ever did.

  • tommccauley31 by tommccauley31 Jul 27, 2015 2:49 PM Flag

    Conference calls with the userbic Woody Harrelson
    voiced CEO Carlson are a yawn. This guys time is
    over. As a long time outside salesman, I was forced
    to provide my company with forecasts on next years
    sales revenues. If I under produced. I was gone.
    Carlson literally lied to shareholders going into 2015.
    Its time to kick his can down the road. Goodbye Carlson.

  • Reply to

    Onex announced sale of Sitel

    by jreb17 Jul 12, 2015 7:41 PM
    tommccauley31 tommccauley31 Jul 23, 2015 3:28 PM Flag

    Goldstein, Nice to see you back after 2 years of no comment.
    Where do you think your fellow analyst Omar is?

  • Reply to

    Bad advice

    by dbldeal Apr 23, 2015 9:38 PM
    tommccauley31 tommccauley31 Apr 24, 2015 8:06 AM Flag

    You're both right.

  • Reply to

    tommccauley

    by dbldeal Mar 6, 2015 10:26 AM
    tommccauley31 tommccauley31 Mar 9, 2015 9:00 AM Flag

    Should see continued growth in 2015.
    The relationship with Schein and Elanco
    will keep us smiling.

    Sentiment: Hold

SRT
3.73+0.08(+2.19%)10:21 AMEDT