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TrueBlue Pick

TrueBlue Pick

TrueBlue On US analyst has singled out TrueBlue. One stock I have noticed recently is a relatively-unknown small-cap company called TrueBlue Inc., headquartered out of Tacoma, Washington, it is a manpower/staffing service that provides on-demand, temporary blue-collar staffing services to companies and organizations. The company employs 2,900 individuals, has no long-term debt, and has an eye towards expansion.

The main reason why I think TBI might just be something worth picking up is the economy. With unemployment hovering around 10%, staffing and employment agencies such as TrueBlue can see an increase in business, as businesses who cannot afford full-time positions seek to get cheaper labor from a services agency. There is also no shortage of employees for these agencies, which means expansion is easier than it would be with lower unemployment.

Lastly, TrueBlue has risen in value from a low of $5.95 last year to a 52-week high today of $17.22. Steady growth and the potential for further upward movement, plus an average rating of Overweight, all make TrueBlue a potential short-term pick.

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