SYKE - Der Rebound wird kommen! - 500 Beiträge pro Seite

[Rullenheim]

Hallo Leute!
Diesmal geht es bie mir um Sykes Enterprises (SYKE).

Zuerst mal etwas zu dem Tätigkeitsbereich:

Sykes Enterprises Incorporated provides information technology (IT) outsourcing services including support services, development services and solutions, and software fulfillment. Through its state-of-the-art IT call centers, the Company provides information technology support services to leading computer hardware and software companies by providing technical product support services to end users of the Company`s products and to major companies by providing help desk services to their employees. Sykes also provides fulfillment services to computer hardware and software companies including design, replication, material integration, packaging and distribution. In addition, the Company provides information technology development services and solutions including software design, development, integration and implementation; systems support and maintenance; and documentation, foreign language translation and software localization.

Eine kurze Zusammenfassung der Finanzlage:

Sykes Enterprises provides a wide array of information technology outsourcing services, including information technology support services and development services and solutions, and software fulfillment. For the nine months ended 9/30/99, revenues rose 36% to $443.5 million. Net income totaled $35.6 million, up from $5.1 million. Revenues reflect Company`s e-commerce initiatives. Earnings reflect a $14.5 million write-off from aquired research and development.

So, jetzt aber zu den wichtigen Dingen. SYKE ist in den letzten Wochen stark verprügelt worden, und zwar aufgrund folgender Dinge.
Am 25.01.2000 gab es eine starke Korrektur bei dem Wert von 55% aufgrund einer Gewinnwarnung:

Tuesday January 25 1:40 PM ET
Sykes Shares Drop After Profits Warning
TAMPA (Reuters) - Sykes Enterprises (NasdaqNM:SYKE - news) shares dropped more than 55 percent on Tuesday after the leading provider of call centers for personal computer makers and other technology companies issued an earnings warning.

One of the most heavily traded shares on the Nasdaq stock market on Tuesday, Sykes dropped as low as 20-3/8, off 26-7/8, or 57 percent, before recovering by midday to 25-9/16. Volume was nearly 7 million shares, compared with a daily average of about 241,000.

Tampa, Fla.-based Sykes said its fourth-quarter earnings would fall below Wall Street estimates because of higher costs incurred with new contracts, poor performance at its SHPS employee-services unit and foreign currency translation.

Profits per share would amount to between 20 and 22 cents, well below the 37 cent consensus forecast listed by First Call/Thomson Financial, which tracks analysts` estimates, Sykes said.

In the fourth quarter of 1998, Sykes earned 28 cents per share, the company said in a statement.

Sykes also said it was expecting revenues of $160 million to $162 million in the fourth quarter, compared with $142 million in the year-ago period.

``The fourth-quarter revised forecast is primarily the result of anomalies and does not signal a trend in our business operations ...,`` CEO John Sykes said.

The company said its higher contract costs in late 1999 were not offset by higher revenues, which would be recognized during the first quarter of 2000. Sykes said it had increased its first-quarter forecasts for revenues and share earnings.

After the earnings warning, U.S. brokerage Merrill Lynch analyst Fran Bernstein cut her rating on Sykes shares to a ``neutral`` from a ``buy.`` She cut her full-year estimate to $1.04 from $1.20 and a forecast for 2000 profits to a range of $1.50 to $1.52. Previous 2000 estimates were not immediately available.

An employer of some 14,000, Sykes operates 38 technical centers giving phone advice for Adobe and other software and computer companies. It also helps develop technical products and runs SHPS, which administers employee-benefits programs for other corporations.

Zwar ist die Warnung sehr ernstzunehmen, weil die 20 cent/Aktie schon wirklich sehr schlecht sind und unter den Zahlen des vorigen Quartals liegen, aber diese Korrektur fand ich damals schon übertrieben und wollte schon am 26.01. kaufen.

Verbunden mit der Gewinnwarnung und dem starken Kursrückgang gab es natürlich auch ein paar Herabstufungen.

Heute sollten dann die Zahlen bekanntgegeben werden, doch diese wurden aufgrund einer Verzögerung doch nicht herausgegeben:

Tuesday February 1, 12:41 am Eastern Time
Company Press Release
SOURCE: Sykes Enterprises, Incorporated
Sykes Announces a Delay in Reporting Fourth Quarter and Year End Results
TAMPA, Fla., Feb. 1 /PRNewswire/ -- Sykes Enterprises, Incorporated (``Sykes``) (Nasdaq: SYKE - news), a global leader in providing vertically integrated, technology-based solutions worldwide, today announced that it is delaying for approximately seven (7) days the release of its fourth quarter and year end results. From information received today from the Company`s external auditors, the status of the Company`s 1999 audit has unexpectedly not been completed to a level that is appropriate for the release of fourth quarter and year end results.

Sykes also announced that it is canceling the previously scheduled conference call regarding the fourth quarter and year end results and will reschedule the call when such results are available.

Sykes, with approximately 14,000 employees, is a global leader in providing vertically integrated, technology-based solutions worldwide. By utilizing its IT support centers and e-business platform, Sykes is able to provide traditional and e-commerce services at all stages in the life cycle of its clients` products and services, including initial development, documentation and localization, customer product services and end-user support. Sykes, headquartered in Tampa, Fla., currently operates 38 technical call centers (with four under construction), nine e-commerce centers and 25 offices throughout the United States, Canada, Europe, Africa, Central America and the Philippines. SHPS, Incorporated, a wholly owned subsidiary based in Louisville, Ky., provides on-line clinical managed care services, medical protocol products and employee benefit administration and support services. Visit the Sykes web site at http://www.sykes.com.

The statements contained in this press release that are not purely historical, including statements regarding Sykes` objectives, expectations, hopes, intentions, beliefs or strategies regarding the future, are ``forward-looking`` statements within the meaning of Section 27A of the Securities Exchange Act of 1933 and Section 21E of the Securities Exchange Act of 1934. It is important to note that Sykes` actual results could differ materially from those in such forward-looking statements, and undue reliance should not be placed on such statements. Among the important factors that could cause such actual results to differ materially are: -- construction delays of new call centers; -- difficulties in managing growth; -- rapid technological change; -- loss of a significant customer; -- risks inherent in conducting business abroad; -- changes in legislation; -- fluctuations in business conditions and the economy; -- Sykes` ability to attract and retain key management personnel; -- and the risk factors listed from time to time in Sykes` registration statements and reports as filed with the Securities Exchange Commission. All forward-looking statements included in this press release are made as of the date hereof, and Sykes undertakes no obligation to update any such forward-looking statements.

SOURCE: Sykes Enterprises, Incorporated

Daraufhin fiel der Kurs um weitere 30% auf knappe 19 Dollar. Ich finde das Alles sehr übertrieben, denn diese Verzögerung ist meiner Ansicht nach nicht so schlimm, aber an der Nasdaq werden solche Anfängerfehler halt gnadenlos abgestraft.

Sowas kann aber auch sehr schön sein, denn guckt man sich nun die fundamentalen Daten an, dann sieht man sofort, daß dies nun ein echtes Schnäppchen ist:

Mkt Cap
786.4M

P/E müßte jetzt so bei 80-80 liegen.

Durchschnittliches erwartetes Gewinnwachstum liegt bei 30%.

Number of brokers
recommending as:

Strong Buy 11
Moderate Buy 1
Hold 0
Moderate Sell 0
Strong Sell 0

Ich werde mal noch ein bißchen weiterrecherieren, aber für mich ist diese Aktie zur Zeit nicht nur wegen der fundamentalen daten, sondern auch wegen der Charttechnik ein klarer Kauf, denn nach so einem heftigen Sturz von 50 auf 18 muß einfach ein Pullback kommen, der bestimmt bis 30 gehen kann!

Ich werde gleich morgen früh versuchen in Deutschland zu kaufen.

Rullenheim

[keith scott]

Oh Mann, schon mal `never catch a falling knife` gehört??
Ich meine ähnliches habe ich auch bei LUCENT erwartet und es
ist nicht eingetroffen. Die AMis sind rigoros, wenn der Wert
enttäuscht, bleibt der erst mal für Monate liegen. Darüberhinaus
sieht der Chart eher nach einem Konkurs aus....

[Rullenheim]

Man muß natürlich schon mutig sein! Wenn Du kein Risiko eingehst, sondern nur Daxtitel kaufst, dann kannst Du auch nicht mit 50% in einer Woche rechnen. Guck Dir mal ein paar Absturzaktien an. Sofort nach dem Absturz gab es immer ein mächtges Pullback von mindesten 20%!
Rulle

[RH2]

Sag mal, Keith Scott,
was stört Dich eigentlich an Lucent? Daß die sofort wieder einen Aufwärtstrend gefunden haben?
Auch SYKE wird nicht innerhalb von 2 Wochen auf $ 50 steigen, ein paar Monate wirst Du schon Geduld haben müssen.
Apropos "falling knife": Die Verschiebung der Bekanntgabe der Zahlen und der damit verbundene erneute Kursrutsch hat meinem Depot durchaus einen Stich versetzt, aber das, was man an fundamentalen Daten zu SYKE erfahren kann, läßt das Risiko insgesamt begrenzt erscheinen.
rh2