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Non-Tech : Labor Ready (LRW) -- Ignore unavailable to you. Want to Upgrade?


To: Khris Vogel who wrote (281)8/5/1999 11:04:00 PM
From: j lawrence  Read Replies (1) | Respond to of 379
 
OK Chrissy, I will be here to buy your stock from you ... when noone else will.



To: Khris Vogel who wrote (281)8/30/1999 10:34:00 PM
From: Dr. Seuss  Read Replies (2) | Respond to of 379
 
Khris,

limited intelligence....hmmm....

Let's see, you're still wrong.

I've taken my profits from LRW and shorted LOAX and put the rest into IMCL long (at 22). Then, I got married and went on my honeymoon.

Came home, and not only was the honeymoon paid for, but I can also buy me a brand new F-250 to plow the driveway (all 800 feet) of my new home and still have profits left over to put towards the house. It should be done in a month or so.

And that's just 30% of my "reckless investing" fun money.

So, who's stupid? And no, you haven't overestimated my means.

Dr. Seuss



To: Khris Vogel who wrote (281)8/31/1999 10:45:00 AM
From: Mike M  Read Replies (2) | Respond to of 379
 
Had a talk with one of the principals the other day. He acknowledged that vacating the sales reps wasn't one of their better moves. That is being reversed and 70 had already been hired and another 35 or so will be by Wednesday(for offices doing 25K or more weekly).

I also asked about mass departures. He said there were more departures than they would like but turnover has always been a problem. They are trying to address that problem by better hiring and training. The veteran branch managers (four and five year experience) are not leaving in mass as has been suggested on this thread. They make very good money and are generally content.

Any complaints about building offices on top of offices are made by employees who don't understand the nature of the business. An office's circle of influence is approximately a 5-10 mile radius. Other offices lend to greater area presence which allows them to more readily fill requirements (filling labor shortage from one office with another) and is instrumental in plumb opportunities like the Super Bowl contract in Dade County....

July supposedly wasn't such a great month but August has been better and I would guess that the sales reps will get things back into high gear in the near term.

This stock is trading at about 18-19 times this year's earnings and seems pretty cheap at current growth rate.

Regards,

Mike