Tuesday, March 10, 2009

Louis Navellier ans SYKE


Louis Navellier traded SYKE already in September 2008. He bought it on September 2nd at $20.58 and sold it on September 22nd at $20.63.

On November 3rd 2008, with SYKE closing at $16.48, he was writing to his Quantum Growth subscribers:

Sykes Enterprises (SYKE) is in the call center business. The company operates about 40 technical help and customer support centers in Africa, the Americas, Asia and Europe that use phone, e-mail, and chat to serve those in need of help. It specializes in customer service and inbound technical support and also provides large corporations with technical staffing and consulting relating to customer relationship management. In Europe, Sykes Enterprises offers additional fulfillment services, such as multilingual order and payment processing and product returns handling.
Sykes recently raised its full-year outlook to $1.39 to $1.44 per share on sales of $825 million to $830 million. Previously, the company estimated earnings of $1.24 to $1.33 per share on sales of $815 million to $830 million. Sykes Enterprises is a good buy.


The buy below price was $17.76

November 10th 2008

Sykes Enterprises (SYKE) was one of our new buys from last week. Right after last week’s issue went out, Sykes reported very strong earnings. Third-quarter profits jumped 56.7% to 47 cents a share which was more than 70% above Wall Street’s expectations. On Tuesday, the stock soared by more than 16%, and way above my buy-below price. Later, however, the shares pulled back below my buy-below price. If you didn’t have a chance to buy Sykes last week, I’ve updated the Buy Below price. Also, don’t be worried about the shares pulling back further. I was pleased to see the company say to expect fourth-quarter earnings of 30 to 32 cents per share. Sykes continues to be a good buy.

Buy below $18.19.


November 17th 2008

Buy below $17.47


November 24th 2008

Buy below $19.03


December 1st 2008

Buy below $18.24


December 8th 2008

Buy below $18.67


December 15th 2008

Buy below $17.46


December 22nd 2008

Buy below $19.48


December 29th 2008

Buy below $20.01


January 5th 2009

Buy below $21.00 (did anybody buy here?)


January 12th 2009

Buy below $19.70


January 20th 2009

Buy below $17.86


January 26th 2009

Buy below $17.85


February 2nd 2009

Buy below $17.86


February 9th 2009

Buy below $17.57


February 17th 2009

Top Stock #4. Sykes Enterprises Inc. (SYKE) is in the call center business. The company operates about 40 technical help and customer support centers in Africa, the Americas, Asia and Europe that use phone, e-mail and chat to serve those in need of help. It specializes in customer service and inbound technical support, and also provides large corporations with technical staffing and consulting relating to customer relationship management. In Europe, the Sykes Enterprises offers additional fulfillment services such as multilingual order and payment processing and product returns handling.
In its latest quarter, the company’s earnings rose 168.8% to $17.7 million or 43 cents per share compared with $6.3 million or 16 cents per share in the same quarter a year ago. During the same period, sales rose 23.4% to $207.6 million compared with $168.3 million. The analyst community expected earnings of 30 cents per share, so the company posted a 43.3% earnings surprise! Looking forward, Sykes Enterprises raised its full-year outlook $1.39 to $1.44 per share on sales of $825 million to $830 million. The stock consolidated last week but remains a good buy.


Buy below $16.18


February 23rd 2009

Buy below $15.91


March 2nd 2009

Top Stock #5. Sykes Enterprises Inc. (SYKE) is in the call center business. The company operates about 40 technical help and customer support centers throughout Africa, the Americas, Asia and Europe. It specializes in customer service and inbound technical support and also provides large corporations with technical staffing and consulting relating to customer relationship management. Despite last week’s volatility, the stock improved and remains a good buy.

Buy below $16.65


March 9th 2009

This Week’s Sell
Sykes Enterprises Inc. (SYKE) no longer meets my strict Portfolio Grader criteria to qualify as a Quantum stock.


Close price was $13.88.



15% loss for Mr. Navellier and 30% loss for those who bought it below $21 in January.

2 comments:

Anonymous said...

Keep up the good work. These guys are financial terrorists. They are hucksters.

The sun you shine on them is the best disinfectant.

Anonymous said...

I agree---I know that your audience is small, but it's an appreciative group.