I think you're probably right about the rate at which new customers are coming on board: I double-checked the date of that interview with Piercy, and it was conducted in the Spring. It does seem unlikely, given the transition, to have significant numbers of new customers come on board.
Anyway, I'm willing to assume zero for that. If someone wants to check, that'd be great; but, to be honest, the growth-rate during the transition wasn't something I factored into my buying decision. I am concerned about growth going forward, which I think is more to the point for investors. At this point, I believe there's good potential for growth, which is one reason I've invested; but this is definitely something I will have to continue evaluating over time.
(By the way, when I note growth going forward, I mean for TSIG as a whole: the teleservices divisions as well as Compact Connection. I like the strategy they're implementing for teleservices, as outlined in the investor kit.)
The announcement in the 8-K/A -- that TSIG has not yet been able to consummate the deal with CCI -- does add another layer of uncertainty to the equation. However, I don't see any indication that TSIG isn't going to get what it needs to go forward with the CD Web site, regardless of the way that situation resolves itself. Whether it's the full-fledged acquisition of assets or the ability to license the assets exclusively and on favorable terms . . . TSIG looks poised to capitalize on the investment it has already made in the Web site. I think the only material impact of a failure to consummate the acquisition is that those assets wouldn't be counted toward TSIG's book value. And I most decidedly did not invest in TSIG because of its book value. LOL
Thanks--. |
