Kelly Services, Inc. (NASDAQ:KELYA)

CAPS Rating: 3 out of 5

Provides staffing services to a diversified group of customers through offices located in major cities of North America, Europe and the Pacific Rim.

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1
Player Avatar ResearchLover (46.36) Submitted: 3/27/2008 3:24:36 PM : Outperform Start Price: $20.32 KELYA Score: -25.61

I think staffing firms won't be hit so hard by this recession. There's volatility in job markets, not necessarily shrinkage. But if you need a buy-in time, wait to purchase MAN and KELYA when positive employment numbers come out. Nonetheless, it's easy to pick this now based on technical bottoming looking like it has passed, low(er) forward PE and this argument: If the dollar stays low, then job losses and gains will shift independently in different sectors (e.g. loss in inflation-sensitive sectors, to gain in domestic manufacturing, export-dependent jobs). Looks like a good scenario for temp agencies to me.

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