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Strategies & Market Trends : Value Investing
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To: Sean Collett who wrote (74764)2/1/2024 2:04:55 PM
From: E_K_S  Read Replies (1) of 78669
 
Re: Cross Ctry Hlthcr(CCRN)

Markecap: $746 million
PE= 7.16x

Cross Country Healthcare, Inc. is a national leader in providing innovative healthcare workforce solutions and staffing services. Their diverse client base includes both clinical and nonclinical settings, servicing acute care hospitals, physician practice groups, outpatient and ambulatory-care centers, nursing facilities
Been building this position adding shares on any pullback. Only a 50% of where I want to be but could see a good entry level if this sells off on next earnings report.

I like CCRN as part of my Healthcare basket w/ human labor one of the most important part of the mix.



I have had R C M Tech Inc(RCMT) an IT outsource company selling at 115.5x PE now. Since Nov 2023 this stock +145%. Many Tech companies laying off workers and using IT labor. I think a similar thing may/could happen in the healthcare sector.

The value proposition may see PE expansion in CCRN similar to RCMT if we see shortage of labor in the healthcare sector and/or more outsource labor required as staff is reduced to cut expenses.
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