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Strategies & Market Trends : Three Amigos Stock Thread

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To: freelyhovering who wrote (676)	2/16/1998 10:30:00 AM
From: Sergio H	Read Replies (1) of 29382

Myron, from my list I narrowed it down to NRL. The stock is selling at a 35% discount to the Staffing Industry. The stock took a hit last year because it took an unexpected $18 mil. charge in Oct. to upgrade its information systems and then in Dec. the Co. announced that it would suffer an earnings shortfall resulting from the UPS strike. UPS is their second largest customer. Insiders have been scooping up shares like crazy. 4 insiders bought 317,500 shares at prices around $17 and additionally 7 insiders have been excersising options to buy another 180,381 shares. Institutions have also been buying. Insiders buying indicate that the Co. has adjusted for the earnings shortfall resulting from UPS strike and that management believes in the company's fundamentals and are bullish on the strength of the staffing sector. The Omnicomp Group, a New Hampshire-based research organization, estimates the staffing industry will grow from annual revenue of $36.9 billion in 1996 to $75 billion by 2005. NRL is a Fortune 1000 company and a leader in its field. Amigos, I recommend we add NRL to the portfolio at opening price tomorrow morning? Options are available including leaps. Comments are appreciated. Sergio

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