Money Investor
Long/short equity

Kelly Services: Value Play On A Structural Change In Employment Trends

Kelly Services (NASDAQ:KELYA) is a company that provides comprehensive workforce solutions across various industries. The company has a global presence, with the America's region making up over 65% of the total revenue for the company in 2012. The business model for Kelly is broken into two different revenue streams. The largest stream is generated as the company sources and places temporary employees in companies that have a certain labor need. In this type of engagement, Kelly earns a spread on top of the hourly wage from the company that goes toward paying the temporary worker. The second revenue stream is from fee-based income. The majority of this revenue is earned by Kelly receiving a fee for permanently placing...

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