Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : LABOR READY (LWR) THE NEXT MANPOWER. -- Ignore unavailable to you. Want to Upgrade?

To: j lawrence who wrote (226)	8/21/1998 12:49:00 PM
From: Spunky Beaver	Read Replies (2) \| Respond to of 455

I shorted a small position of LBOR yesterday at 23.5, and I am very comfortable right now. There is no way a company of this caliber should be trading at a P/E ratio of over 40. Share price has defied gravity. It has doubled in the past six months, quadrupled in the past year. There is very little room to grow demand for temp labor as they are already in almost all states and provinces. What are they going to do now to expand the business in such a way as to justify the P/E ratio they are trading at? Go into executive placement? The problem with momentum stocks is that sooner or later, they run out of momentum. Guess what's happening now?