Change is brewing at Hudson Global (NASDAQ:HSON). During the Q4 2013 earnings call, CEO Manuel Marquez promised to review all strategic options that would enhance shareholder value. The wait is over.
With the Lone Star proxy battle behind them and the recent strategic initiatives in play, HSON remains on track to deliver triple-digit total shareholder return (TSR) as outlined in Make Up Or Breakup: Unlocking Value at Hudson Global.
Update on Recent Events
Operationally, HSON appears to be turning the corner. During the recent Q1 conference call, management noted a better than anticipated improvement in top-line and gross margin. Q1 revenue of $162 million fell a mere 1.4% in constant currency. This is significant improvement from...
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