Temporary staffing firms are the type of companies that many investors seem loathe to believe in. I suppose it's because finding the right balance for the firms to be successful is so tricky; if labor markets are too good then companies prefer hiring regular workers to hiring temps, if labor markets aren't good enough then no one is hiring temps or permanent employees. Yet in the current slow laborious labor market recovery, Robert Half Inc (RHI) is earning ideally positioned.
The current labor market is a "Goldilocks" period for the firm; strong enough that companies want to bring on new talent especially in RHI's specialty fields of accounting and finance, yet weak enough that firm's value the optionality...
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