In the spring of 2019, I wrote an article recommending BG Staffing (BGSF) at around $16.50. I began by admitting that even though the market valuations of staffing companies don't fare well in recessions, I could not realistically predict our next recession (and would not even try).
Less than a year later, thanks to the COVID-19 pandemic, we experienced a recession that reduced the market value of BGSF by more than 25%. Nevertheless, I'm ready to double down on that recommendation because BGSF's return on unleveraged net tangible assets (ROUNTA) remains irresistible even in a