Barrett Business Services Inc. (BBSI)
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BBSI Forum Topics
- All Comments on BBSI
- General Discussion on BBSI
- Best and Worst Performing Stocks on Earnings [view article]
- 12 Stocks Ben Graham Would Like Here [view article]
- Barrett Business Services Earnings Review [view article]
- Barrett Business Services: Jumping in Ahead of Earnings [view article]
- 25 Stocks Benjamin Graham Would Like [view article]
- Doubling Positions in BBSI and USO Puts [view article]
- Kelly: Some Portfolio Changes [view article]
- A Good Time To Buy Barrett Business Services [view article]
loading ...Recent BBSI Articles
- Best and Worst Performing Stocks on Earnings
- Barrett Business Services Earnings Review
- Barrett Business Services: Jumping in Ahead of Earnings
- 12 Stocks Ben Graham Would Like Here
- 25 Stocks Benjamin Graham Would Like
- Doubling Positions in BBSI and USO Puts
- A Good Time To Buy Barrett Business Services
- Kelly: Some Portfolio Changes
- Why I've Decided that Now is the Time to Simplify My Portfolio
- The Little Stock that Beats the Market: Joel Greenblatt's Winning Plan
- Full List of Articles »
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Best and Worst Performing Stocks on Earnings [view article]
As a WFR shareholder i must say this is comforting news. These guys have been beaten up bad and my research has led me to the conclusion that there is no reason to sell. Investors soured on WFR because it wasn't able to handle the huge influx of business it's receiving.. get it? the stock is cut down because there is too much business!Now if this were a high flying company with a high P/E, it would make sense to figure they won't be able to grow as fast as was expected, but WFR has a P/E of 16..
This is more proof that wall street institutions have simply lost touch with the street. I used to have respect for these guys but it's become so technical, you can't see the company from all the shenanigans they try to pull.
I for one am happy wall street bankers are loosing their jobs and going to jail.. they robbed us blind and left our tax dollars to clean up their mess - they need to do time.
Reply
Best and Worst Performing Stocks on Earnings [view article]
Hey Frankfurt, add something constructive or shutup. Reply12 Stocks Ben Graham Would Like Here [view article]
I believe the long record of dividends is about to be terminated and Augusy 08 will see no dividendOn Jul 22 12:29 AM DaveinHacken sack wrote:
> Barrett is a solid company that I bought too early. If you want to
> read why, click on my website and then search for "anatomy of a mistake". Reply
sack
Barrett Business Services Earnings Review [view article]
Scott,I don't recall any guidance beyond Q3, which was, as you know, raised.
Steve,
The CEO is usually quite entertaining, and fond of salty language. He's recovering from having his spleen taken out, so he was a little more laid back than usual on today's call.
BTW, if you like cash-rich Magic Formula stocks, check out HSII, or in another industry, KSW. Reply
Barrett Business Services Earnings Review [view article]
Sounds like hindsight, but BBSI was really a no brainer. Net cash was almost half of market cap, and no debt. The company was in a good position to ride out any troubles in California, plus they had spent the past 2 years diversifying into other western markets. Long term, PEO is an attractive growth market. I haven't heard the CC, but the CEO is quite entertaining. He sounds like grandpa telling it like it is.Steve
magicdiligence.com Reply
Investments
Barrett Business Services Earnings Review [view article]
Hi, Thanks for the update on the cc. I will try to listen to a replay later this week. Any guidance for 2009 or Q4? At this point, I'm less concerned about the rest of 2008 but would like to hear if the company has any projections for 2009. And my comment that 'significant share appreciation may be hard to come by' was shot down quickly! Roth Capital upgraded the stock to a 'buy' this morning, which I did not mention in my article and may have also contributed to today's spike. Replysack
Barrett Business Services Earnings Review [view article]
I wasn't expecting earnings like that, but that was a positive surprise. Listening to the conference call now: looks like the company signed about twice as many new clients as it lost (or got rid of) in Q2. They also spent $4 million buying back stock. I'm still down big on this one, but I'm content to continue holding it. Solid, well-run company. Replysack
Barrett Business Services: Jumping in Ahead of Earnings [view article]
Wow, those earnings were quite a surprise. Looking forward to the conference call. ReplyBarrett Business Services: Jumping in Ahead of Earnings [view article]
The company holds nearly half it's market cap in cash with no debt - enterprise value is only a bit above 75 million. With 56m in cash and no debt, they can survive a downturn for some time. California is a challenge, no doubt. They've been trying to expand their geographical base with acquisitions in Arizona, Colorado, and Utah.The trick is surviving the downturn, which the company is well positioned to do. Try a DFCF scenario - the stock is 20% undervalued today assuming the company never increases free cash flow for 10 years!
Steve
magicdiligence.com Reply
Investments
Barrett Business Services: Jumping in Ahead of Earnings [view article]
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! ReplyBarrett Business Services: Jumping in Ahead of Earnings [view article]
I like the sector, the staffing and PEO outsourcing industry has been growing steadily for the last ten years. Other PEO and staffing companies can be found at peobizz.com. Replysack
Barrett Business Services: Jumping in Ahead of Earnings [view article]
"I believe the upcoming earnings report could help either a) stoke fears that the company is unable to rebound in a challening economy or b) show that the most recent quarterly earnings was just a blip on an otherwise impressive run that began in 2003."You may want to listen to Barrett's last conference call again. Barrett's CEO is a straight-shooter, and he was pretty clear about the effect of the California economy on the company. More than half of the company's business has been from California, and as you might be aware, California's economy has been hammered by the housing bust. Barrett's CEO estimated on the last conference call that the unemployment rate in CA was 7.5%.
I wrote an "Anatomy of a Mistake" post about how I bought BBSI at the wrong time on site, if you want to check it out. Reply
sack
12 Stocks Ben Graham Would Like Here [view article]
Barrett is a solid company that I bought too early. If you want to read why, click on my website and then search for "anatomy of a mistake". Reply12 Stocks Ben Graham Would Like Here [view article]
I agree with 1 for sure (but I am biased). I have aggressively accumulated LYTS below 10. Long record of dividend payments and increases, check it out for yourself.Thanks for the list, I will review some of the others. Reply
25 Stocks Benjamin Graham Would Like [view article]
i think PLFE will be sold soon as the C.E.O. is geting old and will retire in 2009 Reply