Might be news coming out today given the price movement. I like the industry and large investor presence. Scared about accounting issues in any employee leasing firm...must pay workman's comp, taxes, etc.
Great returns, shareholder friendly, huge market share, a pool of money to play with, and it will eventually get bought by Buffet or a buyout firm. I am just surprised that this board has no followers. My Smith and Wesson board is active and it only has a 600mm market cap.
Just bought more under $2.15. If the company is good enough to get those post office contracts, then they are good enough to get others. Unless they are crooked, Which I doubt. Well...maybe...lol. They are doing biz with the gubmint.
How long will the court keep the stay? Someone has to be there to protect the facilities. A company on the way out will not be a good protector. I am just curious about how a judge looks at the legal implications vs. the reality on the ground.
It depends on how the new contracts are structured. If they break even we are good. The post office will cover overhead and let us bid more profitably for the next contracts. But the Post Office gives the company major cred.
It will take a while for the new contracts to have any effect. So I expect softer results year over year. The stock is an option on the future profitability of the post office contracts.
The breakup of the company has created a lot of value. And just keeps going on. Use the mothership as the acquisition vehicle, restructure and build the acquiree, and then spin it off.