Top Picks : anticipation of inflexion point in the negative trend for Staffing

For Q1 2013, our top pick is Randstad

News published on January Tuesday 15, 2013
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In a gloomy economic environment, the Q4 2012 performance of all the companies in our Business services universe has been positive again, confirming the resilience of their business model (Food services or TIC businesses). On Staffing, despite higher negative revenue in Q3 vs. Q2 and Q1, all stocks recently outperformed due to positive signs from the US and the anticipation of less deterioration in Europe in 2013 especially compared to Q3 and Q4 2012.

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