| itor06 Sat May 06, 2006 3:00 am |
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SWW
Pros:
1. Management gives good outlook for 06. 06 EPS is estimated to be 0.3-0.33, Industry average PE is 37.5.
2. Revenue over 1b, MktCap only 339m, P/S much smaller than TTEC(919m/1.1b) & SYKE(700m/495m).
3. Recently gain business from France Telcom and a major Telcom in the US.
4. Took over Sony’s contract center in the Europe.
5. A hedge fund pushes to sell the company.
6. Steady up on relative small volume (daily volume/float shares).
7. Insiders buy.
Cons:
1. Lose GM business in the 1Q (Contract expire), their biggest customer, which contributes 100m annual revenue for them.
2. Profit margin is lower than competitors (why?).
3. 05 10K delayed for accounting reason (not big deal).
4. 1Q 06 ER will be reported on 05/11 before open, don’t know the risk.
Minimum Target:
2. Target: 20*0.3=6. |
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