Hedgeye CEO Keith McCullough is adding Insperity (NSP) to the long side of Investing Ideas. Below is a brief note.
You've had 2 days to buy things on sale. It sure beats chasing charts prior to selloffs!
After a great quarter for a Pandemic Long, Insperity (NSP) has corrected towards the low-end of its Risk Range.
Here's a summary excerpt from Industrials analyst Jay Van Sciver on a name he's had our Institutional Research clients in after going from Bear (last year) to Bull this year:
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"NSP is a ‘pandemic winner’ like FCN, TNET, FDX, and UPS, with NSP benefitting from lower workers comp and healthcare claims. PEO profit is a sliver of two much larger income statement items, with comparatively small moves driving large changes in net. With the top line holding up, costs are declining and margins expand." |
Buy on red,
KM