It continues to be really stressful on days like
today when the Dow gains nearly 400 and the Nasdaq
close to 100 and this puppy just sits again. Well, at
least a gain of .19 is better than a loss that we are
all so accustomed to seeing.
Good Lord, how
much pain can we all stand?!
You must have one!
Boy, what a
Can you pass a message to your friends at STAF that
it would be
real nice of them to drop a few words
on Business or PR Wire so we can see this mighty
stock hurry back up.
I talked to some people at
DLJ and Goldman, and their comment was:
NO PR -
NO INTEREST from institutional buyers.
the stock price is going to continue being affected
by a 100-share trades until then.
under a black-out period (to do with the merger). Do
you know for how long? What about their 3rd Qtr
They did buy a company in Houston. Why not make a big
deal out of it? Even if it's not an IT firm, if it's
making money, what is wrong with that?
to show the Street that it's still ALIVE and
HEY YOU GUYS (and GIRLS) AT STAF, I HOPE YOU ARE
READING THESE MESSAGES!
PS. Do you know where can
I purchase 100 Dec 20 PUT contracts (that's for
Appreciated your message. Today was blah for us.
Down 1/2 on light volume. It's a thin market right
now. I put in a small order and moved the bid a
quarter. I'm afraid without any significant fundamental
announcements, we may get a retest of the 17 low. I'd rather not
go there again, but if we do, I'll be in there
Don't know if they're still using a PR firm. They
used to. The faxed press releases I get have
headquarters listed as the source.
I'd rather they
didn't use the PR firms. I'd like to keep the "hot"
money away from this thing and let the fundamentals
speak for themself. Besides, once the company gets
Goldman and Morgan in their camp, they shouldn't be
spending money on self-promotion unless it aids their
The company's been working on
the Robert Walters deal. Remember, this is HUGE for
the company. The proxy statements will probably be
going out tomorrow. Once investors get to see the
actual financials, they may get regain a little
We should also get 3Q earnings around October 23,
but no definitive date is set to my knowledge. Also,
October 27th will be when shareholders vote on the Robert
The A.G.Edwards analyst pounded the
table today reiterating a strong buy. She wrote in her
research report something I've suspected for quite some
time... Goldman Sachs and Morgan Stanley will pick up
coverage after the "blackout period."
I'm not in
this for the short run anyway. $50 per share would be
nice today, but I think it's trival for this company's
longer term prospects. Of course, if someone paid me $50
today, I'd sell. But 12 months from now I might be
inclined to hold out for higher prices.
Your reasoning is clear, but I am not sure it can
be applied to a small cap company. Who
I think it's time for STAF management to come up
with a story.
Anything (positive). NO NEWS is NOT
Market moved up over 250 points -
STAF up 1/8. Fantastic! What an investment!
you know if they have a Marketing firm or a PR
If they don't, they should. If they do, they should
By the way. I am sorry if I rain on
you parade. I must say that
you are the best (and
may be the only) cheerleader for STAF at this
By the way. If STAF made a deal in Houston, why is
By the way, I didn't magically pull that 27x
number out of a hat. It's the midrange P/E for STAF
historically. It's traded as high as 40x+ and as low as 12x.
The midpoint is right at 27x.
I'm no Einstein,
but the way I see it is if people were willing to bid
the stock up to over 40x eps in the past, they may
just do it again. Conversely, folks have only let the
stock drop to 12x eps before the bottom fishers started
baiting their hooks.
Conventional wisdom, whatever
the hell that is, states that a "fair" price for a
company is a P/E equal to its growth rate. So a growth
rate of 35%, technically, would deserve a 35x P/E.
There are holes in that methodology, but it's a decent
rule of thumb.
Thanks. I don't want to work for StaffMark, I
just want to own it. This isn't the only company I
own, but it's certainly one of my favorites. 27x
earnings may be high for the staffing industry since the
industry is growing at 12% annually. However, STAF
deserves a significant premium to its peer group because
its earnings are growing significantly
STAF is exciting enough. The problem is there's only a
handful of us who know about the company. People don't
just stumble on this thing, and it's certainly not a
household name. Why are those other staffers moving up more
quickly? I don't know, and really don't care. I know what
we've got right here -- even if Wall Street might have
overlooked it in the shortrun.
For what it's worth, I
manage money for a living.
If you are not currently working for STAF, I
think you should.
You have the right attitude.
Just, please, come down to earth and admit, that a P/E
of 27 (as you indicated previously) is overpriced
for most firms, such as STAF in
Also, why Accustaf, Romac, Cotelligent, etc. are moving
up at much faster pace?
I agree, if Morgan
and/or Goldman will begin coverage of STAF, it might
help. But first, STAF has to be come a more
company, at least for those that do not read this message
I have a pretty good feeling that we'll see some
additional analysts start covering STAF within the next
couple months. Certainly Goldman Sachs and Morgan
Stanley, but there may be a couple others too. I'm sure
their initial rating will be "BUY"