Thanks for the article. Now that $TTEC has dropped another 10% - have you changed your view? I am looking at peer $IBEX which trades almost 2x turns lower, appears to be more AI focused with net cash and returning to organic growth last quarter. They just bought back 20% of shares to take out their controlling shareholder so now its non-controlled for first time since going public.
Agree with your assessment on Curbline which is already valued at a 5.5% cap.
I was tempted to buy some TTEC a couple of weeks ago when it was closer to $4 since that is where it was trading before the take private announcement. I would only buy TTEC as a special situation, the business doesn’t look great at the moment. I’ll have to check out IBEX since that sounds like the better business
Right these businesses seems to have lots of competition and high DSOs is a drag on working capital. Although market seems to really overblow the AI impact.
I assume we hear from the TTEC special committee within the next few weeks?
Thanks for the article. Now that $TTEC has dropped another 10% - have you changed your view? I am looking at peer $IBEX which trades almost 2x turns lower, appears to be more AI focused with net cash and returning to organic growth last quarter. They just bought back 20% of shares to take out their controlling shareholder so now its non-controlled for first time since going public.
Agree with your assessment on Curbline which is already valued at a 5.5% cap.
I was tempted to buy some TTEC a couple of weeks ago when it was closer to $4 since that is where it was trading before the take private announcement. I would only buy TTEC as a special situation, the business doesn’t look great at the moment. I’ll have to check out IBEX since that sounds like the better business
Right these businesses seems to have lots of competition and high DSOs is a drag on working capital. Although market seems to really overblow the AI impact.