My thought on 3 cents was more of a rounding up thing. Figured take op income from last quarter and add say 600k in ebitda and take off 500k in interest and you are there. That would mean they would be rounding that ebitda down. Highly unlikely, but possible I guess.
Personally I think work from home is a good fit for the recruiting side.
First it keeps those employees happy. A lot of people prefer at home work.
Second is the money saving side
Third this is the one group of employees you don’t have to worry about sandbagging working from home. They get paid by producing.
Inflation might come with more gross profit by maintaining gross margins as you suggest, but it’s gross margins on a dollar that’s worth less which is a wash. Also you wind up needing more working capital for the same level of business. Where I see inflation benefiting them is in job turnover. Wages at an existing job are sticky. They don’t give you a 10% raise when market rates go up due to inflation. I would expect with inflation and a labor shortage there will be lots of job hopping and the recruiting side has good margins.
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