Today’s recommendation comes from Sam Subramanian’s AlphaProfit Sector Investors’ Newsletter. Use a limit order to buy below his maximum buy price if possible.
“Staffing firm On Assignment, Inc. (ASGN, $16) has more than just the transformational $600 million Apex Systems acquisition going right. While this purchase vaulted On Assignment to become the second largest IT staffing firm in the U. S., its core business revenue too advanced 28% in the second quarter. The company earned 28 cents a share, topping analysts’ estimate by 22%.
“Trading at a mid-teens forward P/E versus prospects for 28% EPS growth in the next 12 months, On Assignment shares interest growth investors. Possibility of takeover by larger staffing firms adds to investment appeal. Buy Below $14.40. Sell Above $16.80. Stop Loss $8.75. Risk Rating: Above Average. (Buy Below points are valid for 60 days. The Stop Loss and Sell Above recommendations apply if a position is filled.)”
- Sam Subramanian, PhD, AlphaProfit Sector Investors’ Newsletter, August 2012