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!