Atento S.A. (ATTO)

NYSE - Nasdaq Real Time Price. Currency in USD

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Visitors trend2W10W9M

10.40

+0.02

(+0.24%)

At close: 03:59PM EDT

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m
The management is god awful. But 200mm for the leading latam bpo/crm provider seems dirt cheap. I wonder if the activist shareholders are bailing or getting more proactive.
m
Anybody on this board? Looks like great quarterly results but stick is down 10%. What am I missing? Thanks
S
Sharing a great perspective on the stock and its potential by Scott Murray
Atento Should be Acquired by Teleperformance
Published on Published onNovember 29, 2017

Atento at $18 to $20 per share is an attractive M&A target

Ive been following Atento (NYSE:ATTO) for some time. Bain Capital announced a secondary for 12mm shares a short while ago (of their 62mm shares or 85%) when the stock was $12.25. The market misunderstood that there wb no dilution and took the stock down 25%. Rather then sell stock at $9.50 a share it would be much better for Bain and other public shareholders to seek an acquirer of Atento. This company really is a PE play and should never have been a public company.

I believe that Teleperformance is the ideal buyer for Atento. It would make them the largest player in the global CRM BPO space and would make them the dominant player in Brazil and South America. Atento trades today at half the market multiple. A transaction at $18 to $20 a share would be attractive to potential acquirers as Atento is traded in light volume and majority held by Bain since 2012. Probably at the high end up to $20 a share based on EBITDA and market multiples of comps.

It's time to sell the business - five years is the PE firm time horizon for holding investments like Atento. Big upside for retail investors in the short-term if there is a transaction. I cannot believe that Bain would do a secondary at these prices given it was $12.25 pert share when they announced selling 12mm of their 62 mm shares and is $3 lower now - a sale of the entire company is the Best and Most Likely Outcome! Its in the best interests of public shareholders for Bain to seek a buyer of Atento rather then to sell a portion of their stock at a big discount that drives the value of the stock down undeservedly. Perhaps they should rescind the 12mm share secondary sale announcement and announce that the Board is evaluating strategic options for the company on behalf of all shareholders' best interests. Full disclosure is always the best policy.

As always you should do your own research to determine if Atento is right for you and seek advice form your financial advisor. Trillium and its principal owner, Scott Murray, was the Founder, Chairman and CEO of Stream Global Services (acquired by Convergys in 2014). Murray currently owns shares of Atento and may either buy more or sell in the future.
p
I sold after the reverse split for a 106% profit. My first big score actively managing my portfolio instead of paying someone to manage it for me. Glad to see the stock doing well and people are making money!
GLTA!
p
Will definitely pop
m
not sure why this company doesnt have a strong following. solid company with upside in the 3 to 4x range given traction on its turnaround plan. worth a look for sure
Bullish
m
where are earnings? another late post so probably not good
Bullish
p
Great investment thank u Zacks and Montley
S
Small volumes, low float, flying under the radar was a great opportunity to get in at 9, one day we will wake up and learn Bain Capital sold for 18-20, patience....
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Atento reached a 52 Week high at 17.69
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ATTO is up 5.43% to 6.80
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ATTO is up 4.94% to 8.50
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ATTO is up 6.42% to 5.80
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ATTO is up 4.96% to 6.35
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ATTO is up 5.11% to 7.20
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ATTO is down -5.84% to 8.71
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ATTO is down -4.91% to 7.75
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ATTO is down -6.36% to 5.53
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ATTO reached a new 52 Week Low at 6.88
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ATTO reached a new 52 Week Low at 7.90