Martin Vlcek
Contrarian, growth at reasonable price, macro, small-cap

Premiere Global Services: More Upside Ahead As Investments In SaaS Growth Accelerate

Premiere Global Services, Inc. (NYSE:PGI) has been a global leader in virtual meetings for 20 years, delivering real-time, cloud-based virtual collaboration using video, voice, mobile, web streaming and file sharing technologies to ~75% of Fortune 100 companies and tens of thousands of other clients. GlobalMeet and iMeet are the two flagship products, and the company's transition toward fast-growing SaaS services has been working extremely well, with growth remaining strong and even poised to accelerate further in the rest of 2014.

Investment thesis

It has been almost a year since I recommended buying Premiere Global Services. This small-cap stock has gained 35% since my call. Although such great annualized gains should not be expected forever, within the next...

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