It's not the first time Insperity's (NSP) shares have sold off unreasonably. In fact, three years ago, the share price fell over 14% on heavy volume in reaction to healthy second-quarter earnings and a guidance update. Rather than trying to find the illogical culprit, it seemed much more appropriate to look forward.
“The question is really whether the sell-off provides an opportunity to initiate a position.”
I concluded interested investors should consider purchasing shares below a split-adjusted price of $36.31. So, even after today's massive 36% sell-off, if one had purchased shares below