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

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To: Bill Murray who wrote (437)10/23/1998 2:06:00 PM
From: Jim Paxton  Read Replies (2) of 455
 
Hi All:

New shareholder in LBOR, just purchased this morning. This of course means the price will drop somewhat - always happens when I buy ;-)

Been looking around for a beaten up stock that has excellent potential. Love this one, virtually no debt, rapidly expanding revenues, bang-up 3rd qrt on earnings also. Price/Revenue is sweet. Would like better margins, but I guess we can't have everything.

Institutions havn't gobbled this up yet - according to Zacks, they only own 38% which is cool for me. Insiders own 16% which is also very good, at least they have a healthy stake in "our" company.

The only potential problem might be too much success - could draw attention from other and bigger temporary labor companies.

Here's hoping everyone out there (including this old guy) makes a nice juicy profit on LBOR

CYA
Jim
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