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$STAF - 3 New Insider Filings (SEC FORM 4)
On 10/02/2017 Director - DIMITRI VILLARD Acquired 7,000 shares
Dimitri Villard now owns 119,000 shares
On 10/02/2017 Director - Grout Jeff William Acquired 7,000 shares
Dimitri Villard now owns 128,667 shares
On 10/02/2017 Director - Florio Nicholas Acquired 7,000 shares
Dimitri Villard now owns 131,471 shares
https://www.sec.gov/cgi-bin/own-disp?action=getissuer&CIK=0001499717
great volume today channeltrader, looking good for remainder of the week.
APHD
$STAF - New Insider Filing (SEC FORM 4)
On 10/02/2017 Director - DIMITRI VILLARD Acquired 7,000 shares
Dimitri Villard now owns 119,000 shares
http://insideri.com/1499717_000120919117055543_0001209191-17-055543
STAF - Staffing 360 Solutions Executive Chairman Brendan Flood to Speak at 2017 Executive Forum Europe
Flood to Participate in "Dare to Grow" Panel Session; Share Insights into Staffing360's Burgeoning Buy-and-Build Strategy
NEW YORK, Oct. 03, 2017 (GLOBE NEWSWIRE) -- Staffing 360 Solutions, Inc. (Nasdaq:STAF), a public company executing a global buy-and-build strategy through the acquisition of staffing organizations in the United States and in the United Kingdom, today announced that Executive Chairman Brendan Flood will be a featured panelist at the 4th Annual Executive Forum Europe in London on Monday, Oct. 9.
Hosted by Staffing Industry Analysts (SIA), the Forum is a premier event for European business leaders, attracting top executives, management and expertise across the staffing industry. Flood will participate in the "Dare to Grow" panel session alongside other staffing industry leaders and is expected to share his personal insights into Staffing360's burgeoning buy-and-build strategy as well as how other organizations can execute a similar approach.
Staffing360 was asked to participate in this year's Forum following the Company's transformative execution of $40 million in refinancing and simultaneous acquisition of staffing organizations firstPRO Georgia in the United States and CBSbutler in the United Kingdom. These recent developments represent a sea change for the Company by greatly improving its overall financial strength and reinvigorating its highly focused M&A program.
Executive Forum Europe 2017 will be held 09-10 October at The Grange St Paul's in London. For the full conference agenda, overview of speakers and registration, please visit www.siexecutiveforum.eu | @ExecForum.
About Staffing 360 Solutions, Inc.
Staffing 360 Solutions, Inc. (NASDAQ:STAF) is a public company in the staffing sector engaged in the execution of a global buy-and-build strategy through the acquisition of domestic and international staffing organizations in the US and UK. The Company believes the staffing industry offers opportunities for accretive acquisitions that will drive its annual revenues to $500 million. As part of its targeted consolidation model, the Company is pursuing acquisition targets in the finance and accounting, administrative, engineering and IT staffing space. For more information, please visit: www.staffing360solutions.com.
Follow Staffing 360 Solutions on Facebook, LinkedIn and Twitter.
Forward-Looking Statements
Certain matters discussed within this press release are forward-looking statements including, but not limited to the timing and ability to enter into any additional acquisitions and expand our business, as well as the size of future revenue or trading volume or future access to capital markets. Although Staffing 360 Solutions, Inc. believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. Specifically, in order for the Company to achieve annualized revenues of $500 million, the Company will need to successfully raise sufficient capital, to consummate additional target acquisitions, successfully integrate any newly acquired companies, organically grow its business, successfully defend any potential future litigation, as well as various additional contingencies, many of which are unknown at this time and generally out of the Company's control. The Company can give no assurance that it will be able to achieve these objectives. Staffing 360 Solutions does not undertake any duty to update any statements contained herein (including any forward-looking statements), except as required by law. Factors that could cause actual results to differ materially from expectations include general industry considerations, regulatory changes, changes in local or national economic conditions, our ability to access the capital markets on terms acceptable to us, or at all, our ability to comply with our contractual covenants, including in respect of our debt and other risks detailed from time to time in Staffing 360 Solutions' reports filed with the SEC, including quarterly reports on Form 10-Q, reports on Form 8-K and annual reports on Form 10-K.
Corporate Investor Contact:
Staffing 360 Solutions, Inc.
Brendan Flood, Executive Chairman
+1.646.507.5715
brendan.flood@staffing360solutions.com
Financial Contact:
Staffing 360 Solutions, Inc.
David Faiman, Chief Financial Officer
+1.646.507.5711
info@staffing360solutions.com
Source: Staffing 360 Solutions, Inc.
$STAF - Seeking Alpha - Staffing 360 Solutions Acquires Two IT Staffing Firms
https://seekingalpha.com/article/4110058-staffing-360-solutions-acquires-two-staffing-firms?auth_param=3tqfr:1cso4ka:aafe39e7a0b9e77f6327666b474ca524&uprof=45
9-27-2017 Seeking Alpha - Staffing 360 Solutions Acquires Two IT Staffing Firms
https://seekingalpha.com/article/4110058-staffing-360-solutions-acquires-two-staffing-firms?auth_param=3tqfr:1cso4ka:aafe39e7a0b9e77f6327666b474ca524&uprof=45
Next buy out offer will be $3-$5. The next offer may happen within the next two weeks.
2 years ago, STAF was trading at $10 pps. the CEO declined a Buy Out @ $1.10 by Jackson Investment Group. Now they have $40 Million in refinancing with projection of $500M annual revenue with 2 acquisitions that added $85M to their top line. imo, this will stay above $1.00 and continue to rise with another buy out offer.
$STAF - Staffing 360 Solutions, Inc. (STAF) Forming A Pattern Of Major Movements
Staffing 360 Solutions, Inc. (NASDAQ:STAF) is in the highlights and many would want to know whether now might be a good time for it to present much upside. Now trading with a market value of 15.54M, the company has a mix of catalysts and obstacles that spring from the nature of its operations. In light of the many issues surrounding this company, we thought it was a good time to take a close look at the numbers in order to form a realistic perspective on the fundamental picture for this stock.
Staffing 360 Solutions, Inc. (NASDAQ:STAF) Fundamentals That Matter
It’s generally a good idea to start with the most fundamental piece of the picture: the balance sheet. The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base. For STAF, the company currently has 526,000 of cash on the books, which is offset by 16.26 million in current liabilities. The trend over time is important to note. In this case, the company’s debt has been growing. The company also has 50.14 million in total assets, balanced by 43.22 million in total liabilities, which should give you a sense of the viability of the company under any number of imagined business contexts.
Staffing 360 Solutions, Inc. (STAF) saw -405,000 in free cash flow last quarter, representing a quarterly net change in cash of 37,000. Perhaps most importantly where cash movements are concerned, the company saw about -299,000 in net operating cash flow.
Staffing 360 Solutions, Inc. (NASDAQ:STAF) Revenue Growth Potential
As far as key trends that demonstrate something of the future investment potential of this stock, we need to take a closer look at the top line, first and foremost. Last quarter, the company saw 42.12 million in total revenues. That represents a quarterly year/year change in revenues of 0.02 in sequential terms, the STAF saw sales decline by 0.03.
But what about the bottom line? After all, that’s what really matters in the end. Staffing 360 Solutions, Inc. (STAF) is intriguing when broken down to its core data. The cost of selling goods last quarter was 34.95 million, yielding a gross basic income of 7.16 million. For shareholders, given the total diluted outstanding shares of 14.8 million, this means overall earnings per share of -0.04. Note, this compares with a consensus analyst forecast of -0.14 in earnings per share for its next fiscal quarterly report.
Is Staffing 360 Solutions, Inc. (NASDAQ:STAF) Valuation Attractive
Looking ahead at valuations, according to the consensus, the next fiscal year is forecast to bring about -0.05 in total earnings per share. If we consider a median price to earnings ratio on the stock, that corresponds with a stock price of 9,999. However, one should always remember: the trends are more important than the forecasts. This continues to be an interesting story, and we look forward to updating it again soon on Staffing 360 Solutions, Inc..
https://stocknewsgazette.com/2017/09/26/staffing-360-solutions-inc-staf-forming-a-pattern-of-major-movements/
$STAF - Staffing 360 Solutions, Inc. (STAF) Forming A Pattern Of Major Movements
Staffing 360 Solutions, Inc. (NASDAQ:STAF) is in the highlights and many would want to know whether now might be a good time for it to present much upside. Now trading with a market value of 15.54M, the company has a mix of catalysts and obstacles that spring from the nature of its operations. In light of the many issues surrounding this company, we thought it was a good time to take a close look at the numbers in order to form a realistic perspective on the fundamental picture for this stock.
Staffing 360 Solutions, Inc. (NASDAQ:STAF) Fundamentals That Matter
It’s generally a good idea to start with the most fundamental piece of the picture: the balance sheet. The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base. For STAF, the company currently has 526,000 of cash on the books, which is offset by 16.26 million in current liabilities. The trend over time is important to note. In this case, the company’s debt has been growing. The company also has 50.14 million in total assets, balanced by 43.22 million in total liabilities, which should give you a sense of the viability of the company under any number of imagined business contexts.
Staffing 360 Solutions, Inc. (STAF) saw -405,000 in free cash flow last quarter, representing a quarterly net change in cash of 37,000. Perhaps most importantly where cash movements are concerned, the company saw about -299,000 in net operating cash flow.
Staffing 360 Solutions, Inc. (NASDAQ:STAF) Revenue Growth Potential
As far as key trends that demonstrate something of the future investment potential of this stock, we need to take a closer look at the top line, first and foremost. Last quarter, the company saw 42.12 million in total revenues. That represents a quarterly year/year change in revenues of 0.02 in sequential terms, the STAF saw sales decline by 0.03.
But what about the bottom line? After all, that’s what really matters in the end. Staffing 360 Solutions, Inc. (STAF) is intriguing when broken down to its core data. The cost of selling goods last quarter was 34.95 million, yielding a gross basic income of 7.16 million. For shareholders, given the total diluted outstanding shares of 14.8 million, this means overall earnings per share of -0.04. Note, this compares with a consensus analyst forecast of -0.14 in earnings per share for its next fiscal quarterly report.
Is Staffing 360 Solutions, Inc. (NASDAQ:STAF) Valuation Attractive
Looking ahead at valuations, according to the consensus, the next fiscal year is forecast to bring about -0.05 in total earnings per share. If we consider a median price to earnings ratio on the stock, that corresponds with a stock price of 9,999. However, one should always remember: the trends are more important than the forecasts. This continues to be an interesting story, and we look forward to updating it again soon on Staffing 360 Solutions, Inc..
$STAF This company has a 3 year revenue goal of half a BILLION dollars!! Tomorrow easy 1.50+
$STAF Remember- The CEO refused an offering price of 1.10 for this stock long back! He said 'The stock is worth much more'
$STAF float is absorbed by Jackson Investment Group....expect takeover offer before price pops too high on them
$STAF nasdaqnewsreports explains it well. Cheapest competitor trades at 1x revenue. $265M market cap for STAF = $15+
$STAF $11M EBITDA @ $15M market cap is a 1.4x multiple. Should be 10-15x. $10 stock.
$STAF Jackson Investment Group trying to gobble up to 49% then make the offer for the remaining 51%
$STAF - moving up pre-market. There will be a drive pursuant to the conference call. Pleased w/ this company/stock, the transparency, & the acquisition(s).
$STAF takeover news could hit...Jackson Investment Group likely closing in on 49% ownership
$STAF 5x normal volume tells me Jackson Investment Group loaded up yesterday prior to investors conference call tomorrow
6 month price target of $1.34 according to https://www.vetr.com/research/NASDAQ:STAF/posts/8678018187
$STAF follow the money folks....Jackson Investment Group is loading to 49% to make another takeover bid....we will see it any day now
$STAF If $500M revenue is the new world and the stock trades 1x of that it's 20x upside because the market cap is only $15M right now
$STAF Investment companies don't buy in penny stocks hoping for 50% or whatever, but multiples of that.
$STAF If Jackson is willing to put up millions to buy shares and $40M for debt, they obviously think it's worth many times of $1.10
$STAF $500M in revenue and Jackson investment group wants to buy it in the past for $1.10.
STAF: Prepare For Another Takeover Attempt?
9-25-2017 Insider Owns Over 40% Of STAF: Prepare For Another Takeover Attempt?
On Thursday, September 21, we (http://nasdaqnewsreports.blogspot.mx/2017/09/insider-owns-over-40-of-staf-prepare.html) recommended a buy on Staffing 360 Solutions, Inc. (STAF), one of two companies proposing vastly improved financials based on last week's news. The stock closed at $0.84 on Friday, up a penny from our $0.83 recommendation so far. However, there is good reason to believe that STAF will be headed much higher. Richard L. Jackson, co-owner of Jackson Investment Group, claims to own 9,411,019 shares according to an SEC filing disclosed on Friday. This represents 42.2% of the outstanding shares of STAF, an increase from a 34.1% stake announced in March when Jackson first offered to buy the company out for $1.10 per share.
Not only has Jackson acquired more shares, but it was instrumental to STAF's announcement of a Transformative $40 Million Refinancing and Closing of Two New Acquisitions as the investment firm was the one to offer the $40 million debt deal. The result is that STAF will double its adjusted EBITDA to $11 million and increase annualized revenue to $265 million. That makes its market cap when trading at $0.84 look minuscule. STAF was $20 in 2014 but dropped under $1.00 and well below its book value upon the fear of bankruptcy. The refinanced $40 million 3-year note alleviates that concern for now.
With STAF and Jackson converging on a debt deal and Jackson acquiring more shares, clearly both believe that STAF is worth more than $1.10. Investors have the chance to buy in the $0.80's, a 20-30% discount to that minimum threshold price. We believe that Jackson will continue to buy on the open market since it is a substantial discount to their original offer and opens up the possibility to own a majority stake and try again for another takeover attempt. As of 8/31, there are 370,487 shares short. It would be highly advisable for shorts to cover at these discounted prices, which would accelerate any run. Jackson also has an additional reason to buy up any shares right now, as STAF must be over $1.00 in order to be in compliance with the NASDAQ's minimum listing price requirements.
A letter from the CEO outlined the details of last week's transactions:
The key takeaway from this chart is that only 2.75 million shares were issued to make it all happen. Total shares outstanding are about 18.3 million which means the market cap of STAF is only $15 million at $0.84. Senior companies in the staffing industry such as Paychex, Inc. (PAYX) trades at a 6.6x revenue multiple and Salesforce.com, inc. (CRM) trades at a 7.2x revenue multiple. Even Robert Half International Inc. (RHI) trades at 1.1x revenue multiple on the low end of the range. So a $15 million market cap with expected annualized revenue of $265 million means that STAF trades at less than a 0.1x revenue multiple. With alleviated liquidity issues, trading at 10 times below the lowest larger industry peer is far too cheap. There will be a conference call on Wednesday held by STAF to outline the details of the transaction.
STAF NEWS!!! Conference Call Scheduled for 9-27-2017
$STAF - Staffing 360 Solutions Announces Investor Conference Call
Update on Recent Transformative Developments; Including $40 Million Refinancing; Improved Revolver Terms and Acquisitions in the US and UK
NEW YORK, Sept. 25, 2017 (GLOBE NEWSWIRE) -- Staffing 360 Solutions, Inc. (Nasdaq:STAF), a public company executing a global buy-and-build strategy through the acquisition of staffing organizations in the United States and in the United Kingdom, today announced that a conference call is to be hosted by Brendan Flood, Executive Chairman, to update investors and others on the company’s commitment to a new three-year revenue goal of $500 million as well as recent major developments in financing and acquisitions.
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/229a4990-16db-4722-8fd2-4248158fd2ea
The conference call will be on Wednesday, September 27, 10:00am EDT/3:00pm BST. The conference call will be simultaneously webcast and available at: http://www.investorcalendar.com/event/20292
The teleconference can be accessed by dialing 877-407-0778 within the United States, or 201-689-8565 internationally. Please dial in 10 minutes prior to the beginning of the call. There will be a playback of the teleconference available until October 27, 2017. To listen to the playback, dial 877-481-4010 within the United States or 919-882-2331 internationally and use replay ID number: #20292.
About Staffing 360 Solutions, Inc.
Staffing 360 Solutions, Inc. (NASDAQ:STAF) is a public company in the staffing sector engaged in the execution of a global buy-and-build strategy through the acquisition of domestic and international staffing organizations in the US and UK. The Company believes the staffing industry offers opportunities for accretive acquisitions that will drive its annual revenues to $500 million. As part of its targeted consolidation model, the Company is pursuing acquisition targets in the finance and accounting, administrative, engineering and IT staffing space. For more information, please visit: www.staffing360solutions.com.
Follow Staffing 360 Solutions on Facebook, LinkedIn and Twitter.
Non-GAAP Financial Measures
The Company uses financial measures which are not calculated and presented in accordance with US generally accepted accounting principles ("GAAP") in evaluating its financial and operational decision making regarding potential acquisitions, as well as a means to evaluate period-to period comparison. The Company presents these non-GAAP financial measures because it believes them to be an important supplemental measure of performance that is commonly used by securities analysts, investors and other interested parties in the evaluation of companies in our industry.
The Company defines Adjusted EBITDA as earnings (or loss) from continuing operations before interest expense, income taxes, depreciation and amortization, and amortization of non-cash stock-based compensation, non-recurring acquisition and restructuring expenses and goodwill impairment charges.
Forward-Looking Statements
Certain matters discussed within this press release are forward-looking statements including, but not limited to the timing and ability to enter into any additional acquisitions and expand our business, as well as the size of future revenue or trading volume or future access to capital markets. Although Staffing 360 Solutions, Inc. believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. Specifically, in order for the Company to achieve annualized revenues of $500 million, the Company will need to successfully raise sufficient capital, to consummate additional target acquisitions, successfully integrate any newly acquired companies, organically grow its business, successfully defend any potential future litigation, as well as various additional contingencies, many of which are unknown at this time and generally out of the Company's control. The Company can give no assurance that it will be able to achieve these objectives. Staffing 360 Solutions does not undertake any duty to update any statements contained herein (including any forward-looking statements), except as required by law. Factors that could cause actual results to differ materially from expectations include general industry considerations, regulatory changes, changes in local or national economic conditions, our ability to access the capital markets on terms acceptable to us, or at all, our ability to comply with our contractual covenants, including in respect of our debt and other risks detailed from time to time in Staffing 360 Solutions' reports filed with the SEC, including quarterly reports on Form 10-Q, reports on Form 8-K and annual reports on Form 10-K.
Corporate Investor Contact:
Staffing 360 Solutions, Inc.
Brendan Flood, Executive Chairman
+1.646.507.5715
brendan.flood@staffing360solutions.com
Financial Contact:
Staffing 360 Solutions, Inc.
David Faiman, Chief Financial Officer
+1.646.507.5711
info@staffing360solutions.com
$STAF - Staffing 360 Solutions Announces Investor Conference Call
Update on Recent Transformative Developments; Including $40 Million Refinancing; Improved Revolver Terms and Acquisitions in the US and UK
NEW YORK, Sept. 25, 2017 (GLOBE NEWSWIRE) -- Staffing 360 Solutions, Inc. (Nasdaq:STAF), a public company executing a global buy-and-build strategy through the acquisition of staffing organizations in the United States and in the United Kingdom, today announced that a conference call is to be hosted by Brendan Flood, Executive Chairman, to update investors and others on the company’s commitment to a new three-year revenue goal of $500 million as well as recent major developments in financing and acquisitions.
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/229a4990-16db-4722-8fd2-4248158fd2ea
The conference call will be on Wednesday, September 27, 10:00am EDT/3:00pm BST. The conference call will be simultaneously webcast and available at: http://www.investorcalendar.com/event/20292
The teleconference can be accessed by dialing 877-407-0778 within the United States, or 201-689-8565 internationally. Please dial in 10 minutes prior to the beginning of the call. There will be a playback of the teleconference available until October 27, 2017. To listen to the playback, dial 877-481-4010 within the United States or 919-882-2331 internationally and use replay ID number: #20292.
About Staffing 360 Solutions, Inc.
Staffing 360 Solutions, Inc. (NASDAQ:STAF) is a public company in the staffing sector engaged in the execution of a global buy-and-build strategy through the acquisition of domestic and international staffing organizations in the US and UK. The Company believes the staffing industry offers opportunities for accretive acquisitions that will drive its annual revenues to $500 million. As part of its targeted consolidation model, the Company is pursuing acquisition targets in the finance and accounting, administrative, engineering and IT staffing space. For more information, please visit: www.staffing360solutions.com.
Follow Staffing 360 Solutions on Facebook, LinkedIn and Twitter.
Non-GAAP Financial Measures
The Company uses financial measures which are not calculated and presented in accordance with US generally accepted accounting principles ("GAAP") in evaluating its financial and operational decision making regarding potential acquisitions, as well as a means to evaluate period-to period comparison. The Company presents these non-GAAP financial measures because it believes them to be an important supplemental measure of performance that is commonly used by securities analysts, investors and other interested parties in the evaluation of companies in our industry.
The Company defines Adjusted EBITDA as earnings (or loss) from continuing operations before interest expense, income taxes, depreciation and amortization, and amortization of non-cash stock-based compensation, non-recurring acquisition and restructuring expenses and goodwill impairment charges.
Forward-Looking Statements
Certain matters discussed within this press release are forward-looking statements including, but not limited to the timing and ability to enter into any additional acquisitions and expand our business, as well as the size of future revenue or trading volume or future access to capital markets. Although Staffing 360 Solutions, Inc. believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. Specifically, in order for the Company to achieve annualized revenues of $500 million, the Company will need to successfully raise sufficient capital, to consummate additional target acquisitions, successfully integrate any newly acquired companies, organically grow its business, successfully defend any potential future litigation, as well as various additional contingencies, many of which are unknown at this time and generally out of the Company's control. The Company can give no assurance that it will be able to achieve these objectives. Staffing 360 Solutions does not undertake any duty to update any statements contained herein (including any forward-looking statements), except as required by law. Factors that could cause actual results to differ materially from expectations include general industry considerations, regulatory changes, changes in local or national economic conditions, our ability to access the capital markets on terms acceptable to us, or at all, our ability to comply with our contractual covenants, including in respect of our debt and other risks detailed from time to time in Staffing 360 Solutions' reports filed with the SEC, including quarterly reports on Form 10-Q, reports on Form 8-K and annual reports on Form 10-K.
Corporate Investor Contact:
Staffing 360 Solutions, Inc.
Brendan Flood, Executive Chairman
+1.646.507.5715
brendan.flood@staffing360solutions.com
Financial Contact:
Staffing 360 Solutions, Inc.
David Faiman, Chief Financial Officer
+1.646.507.5711
info@staffing360solutions.com
9-25-2017 Insider Owns Over 40% Of STAF: Prepare For Another Takeover Attempt?
On Thursday, September 21, we recommended a buy on Staffing 360 Solutions, Inc. (STAF), one of two companies proposing vastly improved financials based on last week's news. The stock closed at $0.84 on Friday, up a penny from our $0.83 recommendation so far. However, there is good reason to believe that STAF will be headed much higher. Richard L. Jackson, co-owner of Jackson Investment Group, claims to own 9,411,019 shares according to an SEC filing disclosed on Friday. This represents 42.2% of the outstanding shares of STAF, an increase from a 34.1% stake announced in March when Jackson first offered to buy the company out for $1.10 per share.
Not only has Jackson acquired more shares, but it was instrumental to STAF's announcement of a Transformative $40 Million Refinancing and Closing of Two New Acquisitions as the investment firm was the one to offer the $40 million debt deal. The result is that STAF will double its adjusted EBITDA to $11 million and increase annualized revenue to $265 million. That makes its market cap when trading at $0.84 look minuscule. STAF was $20 in 2014 but dropped under $1.00 and well below its book value upon the fear of bankruptcy. The refinanced $40 million 3-year note alleviates that concern for now.
With STAF and Jackson converging on a debt deal and Jackson acquiring more shares, clearly both believe that STAF is worth more than $1.10. Investors have the chance to buy in the $0.80's, a 20-30% discount to that minimum threshold price. We believe that Jackson will continue to buy on the open market since it is a substantial discount to their original offer and opens up the possibility to own a majority stake and try again for another takeover attempt. As of 8/31, there are 370,487 shares short. It would be highly advisable for shorts to cover at these discounted prices, which would accelerate any run. Jackson also has an additional reason to buy up any shares right now, as STAF must be over $1.00 in order to be in compliance with the NASDAQ's minimum listing price requirements.
A letter from the CEO outlined the details of last week's transactions:
The key takeaway from this chart is that only 2.75 million shares were issued to make it all happen. Total shares outstanding are about 18.3 million which means the market cap of STAF is only $15 million at $0.84. Senior companies in the staffing industry such as Paychex, Inc. (PAYX) trades at a 6.6x revenue multiple and Salesforce.com, inc. (CRM) trades at a 7.2x revenue multiple. Even Robert Half International Inc. (RHI) trades at 1.1x revenue multiple on the low end of the range. So a $15 million market cap with expected annualized revenue of $265 million means that STAF trades at less than a 0.1x revenue multiple. With alleviated liquidity issues, trading at 10 times below the lowest larger industry peer is far too cheap. There will be a conference call on Wednesday held by STAF to outline the details of the transaction.
STAF NEWS!!! Conference Call Scheduled for 9-27-2017
9-25-2017 Insider Owns Over 40% Of STAF: Prepare For Another Takeover Attempt?
On Thursday, September 21, we recommended a buy on Staffing 360 Solutions, Inc. (STAF), one of two companies proposing vastly improved financials based on last week's news. The stock closed at $0.84 on Friday, up a penny from our $0.83 recommendation so far. However, there is good reason to believe that STAF will be headed much higher. Richard L. Jackson, co-owner of Jackson Investment Group, claims to own 9,411,019 shares according to an SEC filing disclosed on Friday. This represents 42.2% of the outstanding shares of STAF, an increase from a 34.1% stake announced in March when Jackson first offered to buy the company out for $1.10 per share.
Not only has Jackson acquired more shares, but it was instrumental to STAF's announcement of a Transformative $40 Million Refinancing and Closing of Two New Acquisitions as the investment firm was the one to offer the $40 million debt deal. The result is that STAF will double its adjusted EBITDA to $11 million and increase annualized revenue to $265 million. That makes its market cap when trading at $0.84 look minuscule. STAF was $20 in 2014 but dropped under $1.00 and well below its book value upon the fear of bankruptcy. The refinanced $40 million 3-year note alleviates that concern for now.
With STAF and Jackson converging on a debt deal and Jackson acquiring more shares, clearly both believe that STAF is worth more than $1.10. Investors have the chance to buy in the $0.80's, a 20-30% discount to that minimum threshold price. We believe that Jackson will continue to buy on the open market since it is a substantial discount to their original offer and opens up the possibility to own a majority stake and try again for another takeover attempt. As of 8/31, there are 370,487 shares short. It would be highly advisable for shorts to cover at these discounted prices, which would accelerate any run. Jackson also has an additional reason to buy up any shares right now, as STAF must be over $1.00 in order to be in compliance with the NASDAQ's minimum listing price requirements.
A letter from the CEO outlined the details of last week's transactions:
The key takeaway from this chart is that only 2.75 million shares were issued to make it all happen. Total shares outstanding are about 18.3 million which means the market cap of STAF is only $15 million at $0.84. Senior companies in the staffing industry such as Paychex, Inc. (PAYX) trades at a 6.6x revenue multiple and Salesforce.com, inc. (CRM) trades at a 7.2x revenue multiple. Even Robert Half International Inc. (RHI) trades at 1.1x revenue multiple on the low end of the range. So a $15 million market cap with expected annualized revenue of $265 million means that STAF trades at less than a 0.1x revenue multiple. With alleviated liquidity issues, trading at 10 times below the lowest larger industry peer is far too cheap. There will be a conference call on Wednesday held by STAF to outline the details of the transaction.
STAF NEWS!!! Conference Call Scheduled for 9-27-2017
STAF NEWS!!! Conference Call Scheduled for 9-27-2017
9-25-2017 Insider Owns Over 40% Of STAF: Prepare For Another Takeover Attempt?
On Thursday, September 21, we recommended a buy on Staffing 360 Solutions, Inc. (STAF), one of two companies proposing vastly improved financials based on last week's news. The stock closed at $0.84 on Friday, up a penny from our $0.83 recommendation so far. However, there is good reason to believe that STAF will be headed much higher. Richard L. Jackson, co-owner of Jackson Investment Group, claims to own 9,411,019 shares according to an SEC filing disclosed on Friday. This represents 42.2% of the outstanding shares of STAF, an increase from a 34.1% stake announced in March when Jackson first offered to buy the company out for $1.10 per share.
Not only has Jackson acquired more shares, but it was instrumental to STAF's announcement of a Transformative $40 Million Refinancing and Closing of Two New Acquisitions as the investment firm was the one to offer the $40 million debt deal. The result is that STAF will double its adjusted EBITDA to $11 million and increase annualized revenue to $265 million. That makes its market cap when trading at $0.84 look minuscule. STAF was $20 in 2014 but dropped under $1.00 and well below its book value upon the fear of bankruptcy. The refinanced $40 million 3-year note alleviates that concern for now.
With STAF and Jackson converging on a debt deal and Jackson acquiring more shares, clearly both believe that STAF is worth more than $1.10. Investors have the chance to buy in the $0.80's, a 20-30% discount to that minimum threshold price. We believe that Jackson will continue to buy on the open market since it is a substantial discount to their original offer and opens up the possibility to own a majority stake and try again for another takeover attempt. As of 8/31, there are 370,487 shares short. It would be highly advisable for shorts to cover at these discounted prices, which would accelerate any run. Jackson also has an additional reason to buy up any shares right now, as STAF must be over $1.00 in order to be in compliance with the NASDAQ's minimum listing price requirements.
A letter from the CEO outlined the details of last week's transactions:
The key takeaway from this chart is that only 2.75 million shares were issued to make it all happen. Total shares outstanding are about 18.3 million which means the market cap of STAF is only $15 million at $0.84. Senior companies in the staffing industry such as Paychex, Inc. (PAYX) trades at a 6.6x revenue multiple and Salesforce.com, inc. (CRM) trades at a 7.2x revenue multiple. Even Robert Half International Inc. (RHI) trades at 1.1x revenue multiple on the low end of the range. So a $15 million market cap with expected annualized revenue of $265 million means that STAF trades at less than a 0.1x revenue multiple. With alleviated liquidity issues, trading at 10 times below the lowest larger industry peer is far too cheap. There will be a conference call on Wednesday held by STAF to outline the details of the transaction.
STAF NEWS!!! Conference Call Scheduled for 9-27-2017
9-25-2017 Insider Owns Over 40% Of STAF: Prepare For Another Takeover Attempt?
On Thursday, September 21, we recommended a buy on Staffing 360 Solutions, Inc. (STAF), one of two companies proposing vastly improved financials based on last week's news. The stock closed at $0.84 on Friday, up a penny from our $0.83 recommendation so far. However, there is good reason to believe that STAF will be headed much higher. Richard L. Jackson, co-owner of Jackson Investment Group, claims to own 9,411,019 shares according to an SEC filing disclosed on Friday. This represents 42.2% of the outstanding shares of STAF, an increase from a 34.1% stake announced in March when Jackson first offered to buy the company out for $1.10 per share.
Not only has Jackson acquired more shares, but it was instrumental to STAF's announcement of a Transformative $40 Million Refinancing and Closing of Two New Acquisitions as the investment firm was the one to offer the $40 million debt deal. The result is that STAF will double its adjusted EBITDA to $11 million and increase annualized revenue to $265 million. That makes its market cap when trading at $0.84 look minuscule. STAF was $20 in 2014 but dropped under $1.00 and well below its book value upon the fear of bankruptcy. The refinanced $40 million 3-year note alleviates that concern for now.
With STAF and Jackson converging on a debt deal and Jackson acquiring more shares, clearly both believe that STAF is worth more than $1.10. Investors have the chance to buy in the $0.80's, a 20-30% discount to that minimum threshold price. We believe that Jackson will continue to buy on the open market since it is a substantial discount to their original offer and opens up the possibility to own a majority stake and try again for another takeover attempt. As of 8/31, there are 370,487 shares short. It would be highly advisable for shorts to cover at these discounted prices, which would accelerate any run. Jackson also has an additional reason to buy up any shares right now, as STAF must be over $1.00 in order to be in compliance with the NASDAQ's minimum listing price requirements.
A letter from the CEO outlined the details of last week's transactions:
The key takeaway from this chart is that only 2.75 million shares were issued to make it all happen. Total shares outstanding are about 18.3 million which means the market cap of STAF is only $15 million at $0.84. Senior companies in the staffing industry such as Paychex, Inc. (PAYX) trades at a 6.6x revenue multiple and Salesforce.com, inc. (CRM) trades at a 7.2x revenue multiple. Even Robert Half International Inc. (RHI) trades at 1.1x revenue multiple on the low end of the range. So a $15 million market cap with expected annualized revenue of $265 million means that STAF trades at less than a 0.1x revenue multiple. With alleviated liquidity issues, trading at 10 times below the lowest larger industry peer is far too cheap. There will be a conference call on Wednesday held by STAF to outline the details of the transaction.
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$STAF - 9/21/2017 NasdaqNewsReports - Two Undervalued Turnaround Microcaps About To Post Big Profits
http://nasdaqnewsreports.blogspot.mx/2017/09/two-undervalued-turnaround-microcaps.html
$STAF - Wall Street Analysts $2.13 target price.
STAF is currently undervalued by -59.62% relative to the average 1-year price target of $2.13 taken from a group of Wall Street Analysts.
https://economicsandmoney.com/2017/09/20/brea...-inc-staf/