May 18, 2009
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RELATED TICKERS: BBSI
I apologize profusely for not getting to this sooner, especially since I've had a number of requests for the final version.
Barrett Business Services, Inc. Worksheet - 2008
What is Barrett Business Services, Inc? Why did you analyze them? What is this .pdf telling us?
Sorry for all the questions, I'm new to you and your blog.
Back in April I posted some thoughts on missing links.
If you notice some of the TMF articles, they have hyper links. Well this TMF article I saw mentioned Barrett Business Services, but there was no link. Noticing this, and knowing why there was no link, I posted my thoughts.
By the way, the links look like this. Barrett Business Services, Inc. (Nasdaq: BBSI)
At any rate, the information that I use from a company's 10-K filing in order to create the worksheets I generate when I am interviewing a company, the PDF file you referred to, was preliminary, but I posted my thoughts anyway.
Apparently, all of this happened about the time they were researching Barrett on one of the discussion boards and I got a number of e-mails asking me if I would follow up and post another Barrett worksheet (the PDF) once I had the final version complete.
As to the PDF, and many things in the world of accounting, it really isn't telling you anything directly. It is just a worksheet that I fill out when I'm researching a stock.
If you notice, it has quite a few metrics associated with it that are, at least to me, valuable when I consider a company for investment, or when I'm posting my thoughts about a company.
The worksheet itself is intended to be used as a baseline for continued research...reading the entire 10-K, doing 10 year averages, etc.
I post links to my worksheets so that anyone reading one of my posts can see not only where I got the information in my post, but can download a copy to incorporate into their own research.
Just think of it as the cite in a term paper.
Hope this answers your questions. If not feel free...