My investment thesis on Insperity (NSP) is not based on the short-term challenges being faced by the company, but rather on its long-term growth potential. But these short-term challenges have proven to be, without doubt, pain points for the company. From its high of $144.92 in July 2019, the share price has declined 50%.
Insperity's Transformation
Insperity is now an HR solutions provider. Initially, it operated as a professional employer organization ((PEO)), a model still foreign to many. In a PEO model, the employee is “co-employed” by an administrative employer, such as Insperity,