Professional
Added to YB: 2024-07-17
Pitch date: 2024-06-30
TBI [bullish]
TrueBlue, Inc.
-52.23%
current return
Author Info
No bio for this author
Company Info
TrueBlue, Inc., together with its subsidiaries, provides specialized workforce solutions in the United States, Canada, the United Kingdom, Australia, and Puerto Rico.
Market Cap
$152.1M
Pitch Price
$10.30
Price Target
N/A
Dividend
N/A
EV/EBITDA
15.77
P/E
-5.34
EV/Sales
0.16
Sector
Professional Services
Category
turnaround
Palm Valley Capital Fund Portfolio Holding: TrueBlue, Inc.
TBI: Staffing co. for blue-collar roles. Recently had worst quarter ever, but rarely loses money historically. New mgmt adjusting costs amid industry pullback. 10yr avg annual op profit $75M, current EV $280M. No debt, strong liquidity. Trading below tangible book. Near cycle low, price reflects temporary challenges. Potential cyclical recovery play.
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