RMCI- Long at 23.70@ Position Trade. Nice news yesterday. Small position but will average down on a pullback. Numbers look good enough that it could run here and want to be onboard. Selling well below earnings growth rate.
From MW:
Right Management raises Q1, FY02 outlook (RMCI) By Michael Baron
Right Management Consultants (RMCI) is gaining $2.34, or 12.3 percent, to $21.39, after the Philadelphia consulting firm completed its acquisition of Coutts Consulting Group, a London-based firm, for roughly $105 million, and said that it expects earnings of more than 52 cents a share on revenue in excess of $95 million for the March quarter. For the year ending Dec. 31, 2002, the company expects a profit of $1.90 to $2 per share on revenue ranging from $375 million to $400 million. Right Management said that its outlook for the quarter and year reflects gains of 8 cents and 32 cents per share, respectively, related to an accounting change eliminating amortization of goodwill. Analysts polled by Thomson Financial/First Call are currently looking for earnings of 43 cents, and $1.74 per share, respectively. The company also secured a $180 million credit line.
Chart:http://www.askresearch.com/cgi-bin/chart?symbol=rmci&country=USA&size=800x600&months=6+months&type=Bar&color=Modern&scale=Linear&overlay=exponential&moving1=20+day&moving2=50+day&moving3=200+day&bollinger=20+day&ind_vol=on&ind_obv=on&ind_sto=on&sto=15-5-5&wpr=12&ind_rsi=on&rsi=8&ind_macd=on&macd=8-17-9&roc=16-8&ind_mfi=on&mfi=13&refresh=180 |
