Trueblue could regain its upward trend after having run out of steam.
The strengths of the company’s fundamentals are highlighted by its Surperformance ratings. In facts, Sales and profitability are increasing. Thus, analysts expect revenues to grow of 18% by 2015 to nearly USD 2 billion from 1 billion in 2009. Over the same period net margin should rise to 3.4% from 1% in 2009. Moreover, the activities of the company are in a positive dynamic as analyst gradually revised upward their estimations of earnings per share and revenues for the coming years. The company has a sound financial situation with a positive cash position at the end of every fiscal year. Furthermore, the company’s EV/Sales ratio, at 0.49 for 2015 estimates, underlines an undervalued stock compared to its peers.
Technically, the equity follows a long term bullish trend as shown by well-oriented weekly moving averages. Nonetheless, the stock stopped this trend in the short term and prices now evolve in a trading range between USD 26 and USD 30.5. The last bearish movement has brought the stock back to the bottom of this range. This represent an interesting level to take a long position as a rebound should happen towards the top of the trading range.
Therefore, active investors could take a long position at the current prices in order to aim at USD 30.5. A stop-loss order will be placed under the support level currently tested avoiding a bearish exit of this trading range.
TrueBlue, Inc. is a provider of specialized workforce solutions. It operates through three segments: PeopleReady, PeopleScout and PeopleManagement. The PeopleReady segment provides on-demand and skilled labor in a range of industries, such as construction, transportation, manufacturing, retail, hospitality, and renewable energy. The PeopleScout segment provides permanent employee recruitment process outsourcing, employer branding services and management of outsourced labor service providers through the operating segments: PeopleScout Recruitment Process Outsourcing (RPO), which outsources recruitment of permanent employees on behalf of clients and employer branding services; and PeopleScout managed service provider (MSP), which manages multiple third-party staffing vendors on behalf of clients. It also provides talent advisory solutions. The PeopleManagement segment offers contingent, on-site industrial staffing and commercial driver services primarily on-site at the clientâs facility.
TRUEBLUE, INC. 
