Kelly Services, Inc. (NASDAQ:KELYA)

Staka (98.56) Submitted: 12/5/2011 9:22:34 AM : Start Price: $14.64 KELYA Score: +5.89

Positive:
- Fundamentally cheap, below tangible book value
- No long-term debt
- Internationally diversified
- Pays a dividend
- Q3/11 a lot better than expected
- Chart in sort of bottom building, inverse SHS?

Negative:
- Cyclical
- Low margins, weak earnings power

Category: PV-

rexlove (99.11) Submitted: 11/26/2011 7:12:19 PM : Start Price: $13.22 KELYA Score: +11.43

low peg

alphadogg (91.69) Submitted: 1/8/2011 8:19:55 AM : Start Price: $18.77 KELYA Score: -18.95

value

daddybyday (33.38) Submitted: 12/1/2010 12:20:56 AM : Start Price: $18.08 KELYA Score: -21.23

Still experimenting with SMA crossovers

CellBlock9 (96.15) Submitted: 11/4/2010 12:50:12 AM : Start Price: $15.74 KELYA Score: -6.81

S&P 5 star strong buy

LawfordCap (99.94) Submitted: 5/5/2009 3:29:28 PM : Start Price: $11.15 KELYA Score: -3.20

trend PS test

ALPHADividend (95.93) Submitted: 4/16/2009 1:11:28 AM : Start Price: $9.66 KELYA Score: +11.39

This company appears to offer a solid opportunity as of today (April 2009).
The company is trading below reported book value and is paying high dividends. Additionally the company operates outside of the FIRE (financial insurance real estate) sector of the economy, so chances are, what you see is what you get. I've personally screened this company to ensure it did not expand excessively during the hot years (2004-2008).
This company was found today via google screener with the following criteria:
atleast 100m market cap or more
has fallen more than 45% past 1yr
dividend payers @3% or more
atleast 25% institutionally held
price to book less than 1
have total debt/assets less than 100%
have total debt/equity less than 100%
personally screened to make sure the companies were not FIRE industries (financial/insurance/real estate), oil commodity related, industrial metal commodities related, sea shipping related
personally verified limitation on expansion during boom years (not excessive BS growth from '04-'08)

the resulting dividend companies to buy are:
AM, BRC, CBS, CBT, CDI, CSS, GLT, HRC, KELYA, LYTS, MEI, MWV, SXI, TKR, UVV

conversely I will be looking to short opportunities with opposite criteria.

This will be the primary focus of this profile, to seek & obtain alpha from long/short dividend opportunities across various industries.
- ALPHADividend

Junkyardhawg1985 (57.66) Submitted: 10/7/2008 11:19:55 AM : Start Price: $16.56 KELYA Score: -32.93

Trading at very cheap valuation ratios. Trading at P/E of 11, a EV/rev of 0.11, 0.75X net tangible assets, and growing revenue 2.6%.

myname86 (< 20) Submitted: 5/27/2008 4:34:52 PM : Start Price: $20.64 KELYA Score: -20.94

With the global economy like it is, jobs in the states are hard to come by. However, temporary companies like Kelly Services have jobs readily available in the states and abroad. As people continue to be laid off they might be forced to consider temporary work.

nkirkwood31 (< 20) Submitted: 5/9/2008 10:26:23 AM : Start Price: $20.41 KELYA Score: -19.90

Unemployment is up. It seems harder and harder to get a job. Serivices like Kelly Services are great for people having trouble finding a job, they make the search easier. I predict an increase for them, especially over the summer months.

foolbydesign (76.77) Submitted: 4/24/2007 3:16:08 PM : Start Price: $28.07 KELYA Score: -37.54

Kelly is expanding it's reach into developing and growing markets in Asia and Europe.

NetscribeBusServ (< 20) Submitted: 2/27/2007 8:26:27 AM : Start Price: $30.15 KELYA Score: +44.82

Kelly Services Inc is a staffing provider, assigning professional and technical employees in the fields of finance and accounting, education, engineering, information technology (IT) legal, science, health and home care. Likewise, it also offers staff leasing, outsourcing, consulting, and recruitment and vendor management services. It operates in 30 countries across America, Europe and Asia Pacific and its operations are divided into three segments namely US Commercial Staffing, Professional Technical and Staffing Alternatives (PTSA) and International.

The staffing industry is estimated to be worth $250 billion. As per Bureau of Labor Statistics, while the overall job creation remained healthy throughout 2006, temporary employment experienced a slowed growth. Because of low entry barriers, the industry is very much fragmented with too many players fighting for the larger pie. Geographic presence is very important, as temporary employees are unwilling to travel long distances for their assignments. Kelly Services aims to expand into new geographic regions and different business and service lines. But industry being cyclical in nature offers slim growth opportunities for the company.

Kelly recorded a slow topline growth for 2006 mainly on account of slower economic growth in the U.S. This could be a major cause of concern as two third of the revenues are derived from the same market. Kelly competes with heavy weights like Adecco and Manpower for multi national staffing contracts. Kelly’s future continues to look challenging considering slowdown in the temporary staffing in the country. Endorsing the same, investors are better safe with not considering the shares of Kelly Services at current price, as they offer very limited upside potential for growth.