LABOR READY (LWR) THE NEXT MANPOWER. Message Board

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Non-Tech : LABOR READY (LWR) THE NEXT MANPOWER.

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To: Cosmo Daisey who wrote (310)	9/4/1998 1:26:00 AM
From: T2	Read Replies (1) of 455

Cosmo- I must be missing the part in SEC filings that say the October quarter will be slow... What I am reading says their strongest demand is in the summer and early fall months, falling off in late fall and winter. Revenues for August were a record $60.3 MM. I expect even better numbers in September, with maybe a slight fall-off at the end of October, but the quarter still ending with record numbers. Revenues are currently running about 10% or so above analyst expectations, setting the stage for a significant beating of street estimates for earnings. I do agree with you, that LBOR got way ahead of itself when it was trading at $40, and fundamentally it had to come down a bit. But right now it is not trading on fundamentals. A company that is growing earnings 50%+++ per year and revenues at 80% per year trading at only 16X next years earnings? That's not fundamental trading. That's cheap, and only reflects uncertainties people have due to rumors. It does not take much selling to drive the price of this stock down, just as it will not take much buying to drive the stock back up when all is ironed out. T2

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