KELYB - Kelly Services: Much To Prove After A Large And Surprising Deal
2024-05-03 17:05:28 ET
Summary
- Kelly Services, Inc., a staffing business, has announced a big acquisition, but few financial details have been provided.
- The company has been a long-term underperformer, with stagnant sales and lack of margin development.
- Despite strong fourth quarter results, the lack of information about the acquisition makes me cautious about getting involved with Kelly Services stock.
In November of last year, I called Kelly Services, Inc. ( KELYA ) a turnaround story in its early innings. The company was exiting its operations in Europe, supporting the turnaround story of the business....
Kelly Services: Much To Prove After A Large And Surprising Deal