BGSF - BG Staffing: The Current Crisis Will Test The Real Strength Of The Business
Article Thesis
BG Staffing (BGSF) is a small-cap company with a solid growth performance over the past decade. Management growth strategy through acquisitions has worked out successfully so far, and the company has been increasing revenue at a five-year average rate of 11.4%. However, BGSF is still a small player in a highly competitive industry with very low barriers to entry. Although management has been very efficient and successful in growing the business, the company still lacks substantial financial resources to be more aggressive with acquisitions and maintain a solid balance sheet. Moreover, it