AHEXY - Nothing New At Adecco
In my article on Securitas (OTCPK:SCTBF) I mentioned that two types of industry-leaders existed.
The type of industry-leader that is revolutionizing the industry and the type that is simple a large-scale version of most peers with some scale advantages.
Most second-type companies are frantically trying to become the first. In the case of Securitas I was convinced that the strategy made sense, but in the case of Adecco Group (OTC:AHEXF,OTCPK:AHEXY), the Zurich-based leader of the staffing industry, I am less enthusiastic. The takeaway that the Adecco group isn't necessarily