I am not familiar with the staffing business and have access to only a limited amount of fundamentals. Revenues of this company go up and earnings down. So did the price, 5 year high $33 52w low last October $4.50 now at $6.
It could form a bottom right now.
(follows description of company by biz.yahoo on a temporary site)
Olsten Corporation (NYSE: OLS - news), with 1,500 offices on three
continents, is an acknowledged leader in each of its businesses. The
company operates more than 1,000 staffing offices -- providing
staffing solutions and assignment employees to business, industry and
government -- in North America, South America and Europe under Olsten
Staffing Services and related brands. Olsten's information technology
division, IMI Systems, provides design, programming and maintenance of
computer systems, including focused solutions for applications
management, quality assurance and enterprise support services to
clients in North America and Western Europe. Olsten Health Services,
with more than 400 offices in the United States and Canada, provides
health care Network Services and caregivers for home health care and
institutions; home infusion and other therapies; and marketing,
distribution and staffing solutions for pharmaceutical, biotechnology and medical device firms. In 1998, Olsten Corporation achieved
revenues of $4.6 billion and employed approximately 700,000 people
serving approximately 600,000 client/patient accounts. |
