Today’s recommendation provides global staffing to businesses in the financial services, business services, consumer and industrials, technology, healthcare, government services, and communications sectors. The staffing market is rapidly expanding, and so are this company’s fortunes.
On Assignment Inc. (ASGN)
from US Investment Report
This new recommendation is a small cap pure play in the fast-growing technology sector of the workplace staffing market. On Assignment Inc. (ASGN) is a diversified professional staffing firm, which provides short- and long-term placement of contract, contract-to-hire, and direct hire professionals in the United States, Europe, Canada, China, Australia, and New Zealand. The company operates in five segments: Apex, Oxford, Life Sciences, Healthcare, and Physician.
We twice recommended the company during the steady climb of its shares from 10 to 33 since late 2011. It is a pure play in the hottest market sector—for providing science, technology, engineering and mathematics staffers.
While amply priced at a 21 P/E, this cyclical stock has behaved well as the sluggish economy has gathered speed. Cash flow is quite strong. Earnings are expected to rise 20% in 2014.
Stephen Quickel, US Investment Report, www.usinvestmentreport.com, 215-862-0399,?November 29, 2013