Edgewater Technology Inc. Message Board
you are viewing a single comment's thread.
view the rest of the posts-
STAF - what the analysts think
Staffmark made one great move, they fired Jerry
Poston. Jerry to say the least is a jerk. Staffmark is a
young company that made several mistakes. They need to
take into consideration the time it takes to bring the
new companies that they have acquired under the
StaffMark umbrella. You can't expect a 20% growth rate
until the confusion and uncertainty and dead weight
have been addressed. They need to get rid of former
owners of smaller companies in a one year time span and
acquire larger companies. There is too much loyalty with
smaller companies with the former owners. Businesses need
to be run internally by StaffMark management. They
need to start the changes immediately, focus on
organic growth, cut overhead, meet all the existing
clients and let them know of changes at once, set
internal growth for the first year at 10-12%, and move all
upper management to Arkansas. With that said, Clete is
doing a wonderful job. His age has nothing to do with
his performance. Clete's only problem has been to put
too much trust in Jerry Poston. I can assure you he
has learned his lesson. StaffMark will be back in
favor and will be a power house. I have first hand
experience. My company was acquired by STAF. I have seen my
investment down by millions, but I have also been buying
aggressively. Most of these changes I have listed have taken
place and in the end I'll be back on top. Cliff, some
of us have lost more than lunch money. Analysts have
to downgrade. My advise is to do your own homework
and listen to people like Scott and let's give Clete
and unsung heros like Don Marr the support they
deserve.-
My company was also acquired by staf and I have
also lost millions . I agree with what you are saying
and I firmly believe the management team that is now
in place can turn things around , they have learnt a
hard lesson and will come back stronger and better. I
also have been buying aggressively.- 1 Reply to redruby21
-
The dynamics of a selling market are very similar
to the dynamics of a buying market. The selling
pressure this stock is getting has gotten little
resistance from the demand side which is waiting to see how
low it will go, creating the large drop in price. It
will end when the Company puts out solid earnings
numbers and gives the brokerages following this Company a
reason to believe that it is the P/E that is ludicrously
low and not the future earnings projections that are
too high. It will take some time (some benefit from
Q1 if it is what they expect and alot more after Q2
if it is on target) for this upward movement to
occur.
At that point, and on into the future if
they meet their earnings bogies (even as restated),
the buying market dynamics hopefully will create an
upward price movement. If they make their $1.65 or
whatever for 1999, those of us that are buying at $6 (even
if it is to average down from $17) should be happy
with the result.
Love the post from anorak.
Can anyone post a complete listing of who is covering
Staf (good and bad) and the numbers where we can order
the analysts writeups?
-
Here we all agree that STAF is undervalued. A question for anyone: why is price still dropping down?
-