David Hernandez
Long/short equity, medium-term horizon, growth at reasonable price, ETF investing

Shore Tel Is Benefiting From Multiple Delivery Options

Shore Tel, Inc. (NASDAQ:SHOR) is a provider of unified communications equipment and services. They supply companies with a complete communication system for voice, video, text, and other communications. Management was able to grow revenue at a CAGR of 20.3% from 2009-2014. Revenue growth was consistently high over the period. Shore Tel's revenue grew over 20% each year from 2011-2013. Yet, revenue growth has slowed considerably in 2014. Revenue grew 8.4% mainly due to a decline in product sales. The decline in product sales was the result of a temporary spending limit on sales and marketing in the first half. On the Q4 2014 conference call, Don Joos CEO stated "During the first half of fiscal 2014, we...

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