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


To: Khris Vogel who wrote (291)9/3/1998 1:30:00 AM
From: peter michaelson  Respond to of 455
 
Thanks Khris. I've done the reading and I ask this question primarily:

What competitive advantage does LBOR have over existing or potential competitors?

Currently they may have some limited economies of scale, systems and practices - but nothing which could not easily be implemented by a competitor.

I also don't see much to forge loyalty with customers should another organized competitor enter the market.

Therefore I can't see my way clear to paying 50x to 75x earnings.

Would welcome any input if I'm missing something here.

Thanks again, Peter