Thomas Finser
Hedge fund manager, deep value, small-cap, family office

Make Up Or Break Up: Unlocking Value At Hudson Global

Human resource management expert Hudson Global (NASDAQ:HSON) is poised to pop. After suffering through a double-dip recession and multiple restructuring initiatives, it is ready to profit from: (1) continued SG&A cost reduction, (2) recovery in depressed European markets and, (3) improved execution from new management. With tepid end-market recovery and continued progress on new growth initiatives, Hudson can deliver triple-digit total shareholder returns (TSR) in the coming 12 months. Its sum of the parts valuation, balance sheet flexibility and a key activist investor who recently joined The Board of Directors, mitigate investment risk.

Financial Snapshot

  • $80m market cap ($2.50 per share on 32m outstanding 8/22/13)
  • 2012 Revenue $777m (-16% YOY)
  • Net cash $27m as of Q2 '13 plus
Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details