Khris,
I agree that a lot of hype is associated with some of the postings on SI but the facts are also presented from time to time. The following is fact, no hype.
Dr. Wexler,
LBOR is laundering money, pure and simple.
Glen Welstad CEO, has sold 350,000 shares since September and they are buying stock on the open
market to prop it up while he sells.
On August 12 he filed to sell 100,000 shares and today announced the company is buying back
106,000 shares.
Money laundering.
biz.yahoo.com
LBOR news:
Labor Ready Buying Back Stock in Open Market; Chairman
Welstad Says Stock is Undervalued
TACOMA, Wash., Aug. 27 /PRNewswire/ -- Labor Ready Inc. (Nasdaq: LBOR - news), saying the
current low level of its stock price does not
reflect the Company's fundamental strength and growth, the nation's leading provider of temporary
manual labor reported it is currently
repurchasing 106,000 shares of its common stock in the open market, completing a buyback
program authorized by the board of directors in
1997.
Labor Ready Chairman and CEO Glenn Welstad said, ''Labor Ready continues to show
extraordinary growth in terms of revenue and earnings.
We believe that our stock price is greatly undervalued at present levels and does not accurately
reflect the tremendous fundamental strength
of Labor Ready and its demonstrated potential.''
Coz
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