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

To: Augustus Gloop who wrote (302)	9/3/1998 9:08:00 PM
From: T2	Read Replies (2) \| Respond to of 455

Cabot issued a sell order on the stock a week ago, not based on fundamentals (which they said were still intact), but because they said the stock lost momentum. They also disliked the current market environment and wanted to go into some cash. There was a sell recommendation issued today by some people calling themselves Quantum Research or something like that. (Who are these guys???) Calls to the "analyst" went unanswered - I let the phone ring for about 15 minutes in the speakerphone. Labor Ready IR said that they were responding with the strongest possible actions. All questions this report and other rumors brought up were answered in a conference call last week. I'm not sure if it is still available for replay or not. A number of respected analysts have gone over the company with a fine-toothed comb, and all have reiterated their confidence in the company, its fundamentals and its management. Everen Securities has a 6 month $40 target, and CS First Boston (I think, or it may be Robertson Stephens) has a $45 price target. Louis Navallier has LBOR as his top pick after the Labor Day weekend (I'm not sure the significance of this weekend). While I think the stock may trade sideways for a few more days due to the market mood, I believe the stock will start moving up, and quite strongly. Especially before their Oct. earnings report. This is the quarter that demand for their staffing is highest, and this quarter has always been their best. The shorts out there may make a bit more money in the coming days, but it may be in their best interest to cover while they are still in the money. As the stock showed on Tuesday, this thing can and will move up quickly.