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  • 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.
    Jul 30 17:58 pm |Rating: 0 0 |Link to Comment
  • 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.
    Jul 30 12:20 pm |Rating: 0 0 |Link to Comment
  • Barrett Business Services: Jumping in Ahead of Earnings  [View article]
    Wow, those earnings were quite a surprise. Looking forward to the conference call.
    Jul 30 11:49 am |Rating: 0 0 |Link to Comment
  • 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.
    Jul 28 09:22 am |Rating: 0 0 |Link to Comment
  • 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".
    Jul 22 00:29 am |Rating: 0 0 |Link to Comment
  • Kelly: Some Portfolio Changes [View article]
    Good call on HSII. Record profits last year (with 50% coming from overseas) and guidance for this year is positive as well.
    Feb 26 11:20 am |Rating: 0 0 |Link to Comment
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