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PRG GROUP INC Message Board

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  • bjspokanimal bjspokanimal Jul 28, 2010 1:26 PM Flag

    The Good State of Temporary Hiring

    ... thru december, I believe.

    Volt won't jeopardize their listing... we'll see the re-statements by then.

    Volt is becomming a good "contrarian" play as I believe investor frustration caused by the lack of transparency due to the pending restatements have priced it very low. I generally look for companies with good prospects that are held lower by temporary negatives. Transocean (the driller who owned deepwater horizon in the BP spill) is another such play... the worst case scenario is reflected in the stock price drop but the company still has a $20 billion drilling backlog, all deepwater rigs, and a P/E ratio under 6.

    There is still no analyst who believes the magnitude of revenue and earnings at Volt is at risk... only the reflection of such in the correct accounting periods.


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