Not only great earnings, but...
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Thursday January 28, 3:13 pm Eastern Time
Company Press Release
SOURCE: BancBoston Robertson Stephens
BancBoston Robertson Stephens Reiterates
Strong Buy on NovaCare Employee Services, Inc.
SAN FRANCISCO, Jan. 28 /PRNewswire/ -- The following is being issued by BancBoston Robertson
Stephens, a member of the National Association of Securities Dealers, CRD number 41271:
BancBoston Robertson Stephens senior health care and business services analyst Sheryl R. Skolnick today
maintained her Strong Buy rating on NovaCare Employee Services, Inc. (Nasdaq: NCES - news). The
company is one of the largest Professional Employer Organizations in the country, providing human resource
management and benefits outsourcing to small- and medium-sized businesses.
''NCES today reported an all-around stellar quarter, with earnings per share of $0.08, versus $0.05, up 72
percent on a 22 percent increase in shares, in line with our estimates,'' said Skolnick. ''The company beat
every one of our line item estimates, except for our earnings per share estimate.''
''This quarter validates our confidence in this management team and its operating and marketing strategies,''
said Skolnick. ''New contracts with large customers and pilot programs with large insurance companies are
going well. The core small business base, though, continues to generate the lions' share of earnings growth.''
Clients interested in receiving more information should contact their salesperson at 415-781-9700.
BancBoston Robertson Stephens is a leading international investment banking firm focused on emerging growth
companies. The firm's 55 senior research analysts cover over 575 companies. Additional information is
available upon request.
The information contained herein is not a complete analysis of every material fact respecting any company,
industry or security. Although opinions and estimates expressed herein reflect the current judgment of
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of any principal amount invested.
SOURCE: BancBoston Robertson Stephens
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Maybe this will move us out of the trough. |
