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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Sean Collett who wrote (74764)	1/2/2024 11:54:05 AM
From: Elroy	Respond to of 78673

Suppose I see no reason to turn away from any industry if there is opportunity there. Why not invest only in great industries where companies make loads of profits? It seems to me the odds are more in your favor if you invest in areas that have traditionally been highly profitable, like, say, oil? Software? Companies where gross profits are 70% or more? Selling humans just sounds like a recipe for trouble. It's easy to imagine LOADS of things going wrong (the product you're selling wants the sales revenue for itself!), and if segment profits increase new entrants will appear, really quickly.

To: Sean Collett who wrote (74764)	2/1/2024 2:04:55 PM
From: E_K_S	Read Replies (1) \| Respond to of 78673

Re: Cross Ctry Hlthcr(CCRN) Markecap: $746 million PE= 7.16x Cross Country Healthcare, Inc. is a national leader in providing innovative healthcare workforce solutions and staffing services. Their diverse client base includes both clinical and nonclinical settings, servicing acute care hospitals, physician practice groups, outpatient and ambulatory-care centers, nursing facilities Been building this position adding shares on any pullback. Only a 50% of where I want to be but could see a good entry level if this sells off on next earnings report. I like CCRN as part of my Healthcare basket w/ human labor one of the most important part of the mix. I have had R C M Tech Inc(RCMT) an IT outsource company selling at 115.5x PE now. Since Nov 2023 this stock +145%. Many Tech companies laying off workers and using IT labor. I think a similar thing may/could happen in the healthcare sector. The value proposition may see PE expansion in CCRN similar to RCMT if we see shortage of labor in the healthcare sector and/or more outsource labor required as staff is reduced to cut expenses.