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Non-Tech : Labor Ready (LRW)

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To: Khris Vogel who wrote (290)9/2/1999 3:11:00 PM
From: Mike M  Read Replies (2) of 379
 
Extremely cheap, IMO.

Khris, it just got cheaper....I guess you are aware that John Sneller from Stephens downgraded his estimate from .63 the next two quarters to .53...giving the year .80/share... He also lowered next year to 1.20 from 1.27... What an incredible over reaction by the market... I picked up a very large block of shares today. Hope you were in a position to do so as well.

By next year the company should have close to 700 sales reps and all of this will be behind them....Glen Welstead no doubt rues the day he hired Mr Diamond....but I consider this to be a godsend....
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