I'm not sure if the statistic that says Kelly Services is
the second largest employer behind Walmart is really true. The New York Times published
this and then it was picked up by everyone else recently.
Here's
a link to the link to the source.
Regardless, I
thought I would look at some of the temp
agencies versus the S&P going back a couple of years.
The only criteria used was that the company
had to have stock price over $5 and a three month volume of over 100,000.
And a 5-year "look-back" at ASGN (the blue line loner above)...
Here's a list of these companies in order of best to worst two-year performance...
Symbol, Name, Last, 3-mo.Vol
ASGN, On Assignment, $30.71, 370,000
TBI, True Blue, $25.76, 229,000
KFRC, K-Force Inc., $16.98, 123,000
MAN, Manpower Group, $67.01, 527,000
RHI, Robert Half Int'l, $37.19, 1,000,000
KELYA, Kelly Services, $18.86, 119,000
We'll see if this little group, including the high flying
ASGN, has more room to grow as "the economy continues to
improve". I still can't say that with a straight face.