from 44.46 to 18.28 because they posted a loss. This was a $100+ stock back in the distant past - Jan 2014.
Strong efficient markets hypothesis FTW - I don’t see any radical new information in this year’s headlines.
Anyway, buy, sell, hold, short, strangle?
EDIT: LOL Zacks http://finance.yahoo.com/news/why-barrett-business-services-bbsi-110328390.html
E2: FYI, 80% business based on PEO in California which may go away come Jan 15, but this was not news.
bro been shorting this since he was in diapers
^ Hmm, the only post I found was in this thread : http://www.analystforum.com/forums/investments/91316062
where Bromion said he was or would be long BBSI at $10.
I admit my AF search skills are probably not world class.
True story -_-
I bought this around $10 after the financial crisis and sold too early in hindsight between $20-25. It is not that good of a business and was probably fair around that level. The company committed accounting fraud on the worker’s comp line under the old CEO (I bought on the restatement). He died and then some clown activist guy came in and green mailed the wife of the old CEO. I forgot about it and the stock went on a tear to $100 which I thought was truly amazing. I got the pitch last February as a long from some guy who chases momentum stocks, and got short in the high $60s, low $70s… I mean a staffing company at 25-30x earnings? Are we being serious here? Try to be serious. No, no be serious.
Also, RGR today, jesus… 65% earnings miss, 42% revenue miss. Short in the low $70s in Feb, let’s see if it breaks $40 tomorrow. SHOW ME THE MONEY, JERRY!
^ Nice. Makes you wonder about the “consensus” estimates.