A Temporary Temp Opportunity
Employers worldwide have been hesitant to hire permanent workers in the face of uncertain economic times. This is especially true in Europe where it's almost impossible to lay anyone off once they are on your own payroll. The trend towards using long-term temps helped Kelly Services (KELYA) post large increases in both sales and earnings in 2010 and 2011.
Kelly employs around 8,200 people internally while assigning about 550,000 workers to companies in the Americas, Europe, the Middle East, Africa and the Asia-Pacific region. The company has no long-term debt. It pays a 1.42% dividend which represents only about a 15% payout ratio. That leaves plenty of room for future increases. Kelly now sells for about 1/11 of annual revenues and below its tangible book value....238 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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