Hall Kinion (Haki) contracting agency Message Board

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Technology Stocks : Hall Kinion (Haki) contracting agency

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To: E. Graphs who wrote (12)	6/19/1998 9:14:00 PM
From: James Harold Alton	Read Replies (2) of 26

Graphs, HAKI dropped really hard today based on the announcement that earnings would coming in 3-5 cents below estimates, mainly due to 1 time restructuring charges. Revenues are still up 20%+ over last year and earnings were up 30-50% over the same quarter for the previous year. The drop today was from $13, down to $7.50, closing at 7 5/8. From what I have learned about this company, it seems to be doing a great job of, growing revenues and earnings and I like the job placement business they are in since they are paid based on the hours worked by workers they place. I can see how via building a client base that revenues can be consistently increased over time as has been happening. Unless I am missing something important, it appears to me that this stock has been excessively punished due to earnings coming in 30-40% under estimates, especially since this appears to be due to 1 time restructuring charges, so I took a position in HAKI today and am ready to double it if it falls any further on Monday, I think this one is due for at least a $2-3 dollar bounce short term and perhaps a $8-10 run assuming the earnings return next quarter. Any comments? James

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