APAC Customer Services Inc. (APAC)

[Tutu]

the conference call going on right now is overall VERY POSITIVE.

in particular, there seems to be strong comments by mgt. (and recognition by the analysts) that APAC is out performing the overall industry.

also I hear confidence in margins being stable and even improving througout the rest of this year and their strong cashflow continuing.

all in all - very strong conf. call. should result in some interesting (POSITIVE) comments from the analysts afterwards on the call.

bottom line: recent declines in stock price (sub $5 now) coupled to outperforming the industry + rev. growth + capacity + reaffirming guidance + strong cashflow = under valued stock price at this time. lets see if this is the message the analysts convey when they update their research and share with clients.