Today’s Daily Alert is a new small cap opportunity from The Oberweis Report.
“Barrett Business Services, Inc. (BBSI, $29) is a leading provider of business management solutions providing a unique combination of human resource outsourcing, staffing and management consulting services. The company targets the small and medium-sized business segment that typically has fewer in-house resources than larger businesses.
“Barrett’s services allow small companies to grow their business and focus on core operations rather than complex human resource and tax issues. Typical services include payroll processing, employee benefits administration, human resource management, risk management and worker’s compensation coverage.
“Although the company predominantly operates in California, it has had recent success leveraging its brand name and reputation by opening new branches in new regions. In the company’s latest reported third quarter, sales increased approximately 37% to $558.0 million from $406.0 million in the third quarter of last year. Barrett Business Services reported earnings per share of $.81 in the latest reported third quarter versus $0.54 in the same quarter of last year. Clients of Oberweis Asset Management own approximately 77,000 shares. These shares may be appropriate for risk oriented investors. Buy.”
- Jim Oberweis, CFA, The Oberweis Report, November 2012