Scott's Investments

Barrett Business Services: Jumping in Ahead of Earnings

Yes, I agree that macro conditions will continue to challenge the company as they have stated. The headline is a little deceptive, I'm not jumping in prior to earnings (and have no position in BBSI) but rather I'm watching closely to see how big of an impact macro conditions will have on the company going forward. The balance sheet is solid and the book value and no debt give it some downside protection, but if earnings continue to drop at alarming rates, then there will be more downside. Tomorrow should be interesting!