nelson, I agree on JOB. Q2 earnings of .033/share looks good vs. breakeven last year. Plus CEO comments seem more upbeat than 3 months ago...
From the Q1 earnings PR:
Mr. Imhoff added, "The Company's business is highly influenced by national employment trends, particularly for professional staffing. Currently, the direction of the employment market in 2006 seems a bit uncertain. Nevertheless, I believe that the Company is well positioned."
From today's Q2 earnings PR:
Concluding his comments, Mr. Imhoff said, "I'm pleased by the Company's improved performance this year and expect to see continuing increases, particularly in placement services. Overall, we believe fiscal 2006 should be another good year for General Employment."
Sounds good with what appears to be their seasonally stronger quarters coming up, although the comps will be tough. Hopefully with the CEO forecasting "continuing increases", he is talking about year-over-year increases. Stock would really be a bargain at $1.56 if they were able to eclipse the .05/share earned in Q3 and Q4 of last year.
If traders notice the nearly $1/share in cash on the balance sheet, the stock should get a lift tomorrow.
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