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To: Joe Copia who wrote (4287)	12/11/1997 10:34:00 AM
From: pat w.	Read Replies (1) \| Respond to of 120523

Labor Ready Comfortable with Earnings Estimates The Motley Fool - December 10, 1997 16:47 LBOR KELYA LBOR KELYA V%MFOOL P%TMF -------------------------------------------------------------------------------- Jump to first matched term December 10, 1997/FOOLWIRE/ -- Although large temporary employment agencies have been getting killed over the past two years, shares of Labor Ready (NYSE: LBOR) has definitely bucked the trend. Up $2 3/4 to $21 today, the stock has come off of its 52-week low of $4 3/8 in April with a vengeance. Today the firm announced it would continue to buy its own stock on the open market as part of its repurchase program and that it was "comfortable" with estimates of $0.34 EPS for calendar 1997, saying it would meet or beat these numbers. Chief Executive Glenn Welstead also said that 1998's $0.56 EPS estimates would be a cinch as well. This is remarkable because unlike many companies in the industry, Labor Ready relies completely on organic growth and not on acquisitions to increase revenues and earnings. As the company does bread and butter "light industry labor," the most commoditized chunk of the temporary service universe, these good results could be considered a sign of strength in the temporary help market beset by overcapacity for the last two years. However, investors should keep in mind that only a month ago Kelly Services (NYSE: KELYA) announced it would produce disappointing results over the next two years.