Intrinsic value of Barrett Business Services - BBSI

Previous Close

$75.53

  Intrinsic Value

$66.67

stock screener

  Rating & Target

hold

-12%

Previous close

$75.53

 
Intrinsic value

$66.67

 
Up/down potential

-12%

 
Rating

hold

We calculate the intrinsic value of BBSI stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2017), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 0.5

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046
   2047

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  9.50
  9.05
  8.64
  8.28
  7.95
  7.66
  7.39
  7.15
  6.94
  6.74
  6.57
  6.41
  6.27
  6.14
  6.03
  5.93
  5.83
  5.75
  5.68
  5.61
  5.55
  5.49
  5.44
  5.40
  5.36
  5.32
  5.29
  5.26
  5.24
  5.21
Revenue, $m
  1,007
  1,099
  1,194
  1,292
  1,395
  1,502
  1,613
  1,728
  1,848
  1,973
  2,102
  2,237
  2,378
  2,524
  2,676
  2,834
  3,000
  3,172
  3,352
  3,540
  3,737
  3,942
  4,157
  4,381
  4,616
  4,861
  5,119
  5,388
  5,670
  5,966
Variable operating expenses, $m
  973
  1,060
  1,152
  1,246
  1,345
  1,448
  1,555
  1,665
  1,781
  1,900
  2,020
  2,150
  2,284
  2,425
  2,571
  2,723
  2,882
  3,048
  3,221
  3,401
  3,590
  3,787
  3,994
  4,209
  4,435
  4,671
  4,918
  5,177
  5,448
  5,732
Fixed operating expenses, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  973
  1,060
  1,152
  1,246
  1,345
  1,448
  1,555
  1,665
  1,781
  1,900
  2,020
  2,150
  2,284
  2,425
  2,571
  2,723
  2,882
  3,048
  3,221
  3,401
  3,590
  3,787
  3,994
  4,209
  4,435
  4,671
  4,918
  5,177
  5,448
  5,732
Operating income, $m
  35
  38
  42
  46
  50
  54
  58
  63
  68
  73
  82
  88
  93
  99
  105
  111
  118
  124
  131
  139
  147
  155
  163
  172
  181
  191
  201
  211
  222
  234
EBITDA, $m
  48
  52
  56
  61
  66
  71
  76
  82
  87
  93
  99
  106
  112
  119
  126
  134
  142
  150
  158
  167
  176
  186
  196
  207
  218
  230
  242
  254
  268
  282
Interest expense (income), $m
  0
  0
  -3
  0
  4
  7
  11
  15
  19
  24
  28
  33
  38
  43
  48
  54
  59
  65
  72
  78
  85
  92
  99
  107
  115
  123
  132
  142
  151
  161
  172
Earnings before tax, $m
  34
  42
  42
  42
  43
  43
  43
  44
  44
  44
  50
  50
  50
  51
  51
  52
  52
  53
  53
  54
  55
  55
  56
  57
  58
  58
  59
  60
  61
  62
Tax expense, $m
  9
  11
  11
  11
  11
  12
  12
  12
  12
  12
  13
  13
  14
  14
  14
  14
  14
  14
  14
  15
  15
  15
  15
  15
  16
  16
  16
  16
  16
  17
Net income, $m
  25
  30
  31
  31
  31
  31
  32
  32
  32
  32
  36
  36
  37
  37
  37
  38
  38
  39
  39
  39
  40
  40
  41
  41
  42
  43
  43
  44
  45
  45

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  601
  655
  712
  771
  832
  896
  962
  1,031
  1,103
  1,177
  1,254
  1,335
  1,419
  1,506
  1,597
  1,691
  1,790
  1,893
  2,000
  2,112
  2,230
  2,352
  2,480
  2,614
  2,754
  2,901
  3,054
  3,215
  3,383
  3,559
Adjusted assets (=assets-cash), $m
  601
  655
  712
  771
  832
  896
  962
  1,031
  1,103
  1,177
  1,254
  1,335
  1,419
  1,506
  1,597
  1,691
  1,790
  1,893
  2,000
  2,112
  2,230
  2,352
  2,480
  2,614
  2,754
  2,901
  3,054
  3,215
  3,383
  3,559
Revenue / Adjusted assets
  1.676
  1.678
  1.677
  1.676
  1.677
  1.676
  1.677
  1.676
  1.675
  1.676
  1.676
  1.676
  1.676
  1.676
  1.676
  1.676
  1.676
  1.676
  1.676
  1.676
  1.676
  1.676
  1.676
  1.676
  1.676
  1.676
  1.676
  1.676
  1.676
  1.676
Average production assets, $m
  81
  88
  95
  103
  112
  120
  129
  138
  148
  158
  168
  179
  190
  202
  214
  227
  240
  254
  268
  283
  299
  315
  333
  350
  369
  389
  409
  431
  454
  477
Working capital, $m
  -6
  -7
  -7
  -8
  -8
  -9
  -10
  -10
  -11
  -12
  -13
  -13
  -14
  -15
  -16
  -17
  -18
  -19
  -20
  -21
  -22
  -24
  -25
  -26
  -28
  -29
  -31
  -32
  -34
  -36
Total debt, $m
  -48
  1
  52
  105
  160
  217
  277
  339
  403
  470
  540
  612
  688
  766
  848
  933
  1,022
  1,114
  1,211
  1,312
  1,417
  1,528
  1,643
  1,763
  1,890
  2,021
  2,160
  2,304
  2,456
  2,614
Total liabilities, $m
  541
  590
  641
  694
  749
  807
  866
  928
  993
  1,059
  1,129
  1,201
  1,277
  1,355
  1,437
  1,522
  1,611
  1,704
  1,800
  1,901
  2,007
  2,117
  2,232
  2,353
  2,479
  2,611
  2,749
  2,893
  3,045
  3,203
Total equity, $m
  60
  66
  71
  77
  83
  90
  96
  103
  110
  118
  125
  133
  142
  151
  160
  169
  179
  189
  200
  211
  223
  235
  248
  261
  275
  290
  305
  321
  338
  356
Total liabilities and equity, $m
  601
  656
  712
  771
  832
  897
  962
  1,031
  1,103
  1,177
  1,254
  1,334
  1,419
  1,506
  1,597
  1,691
  1,790
  1,893
  2,000
  2,112
  2,230
  2,352
  2,480
  2,614
  2,754
  2,901
  3,054
  3,214
  3,383
  3,559
Debt-to-equity ratio
  -0.800
  0.010
  0.730
  1.360
  1.920
  2.430
  2.880
  3.290
  3.660
  4.000
  4.300
  4.590
  4.850
  5.090
  5.310
  5.520
  5.710
  5.890
  6.050
  6.210
  6.360
  6.500
  6.620
  6.750
  6.860
  6.970
  7.070
  7.170
  7.260
  7.340
Adjusted equity ratio
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  25
  30
  31
  31
  31
  31
  32
  32
  32
  32
  36
  36
  37
  37
  37
  38
  38
  39
  39
  39
  40
  40
  41
  41
  42
  43
  43
  44
  45
  45
Depreciation, amort., depletion, $m
  13
  14
  14
  15
  16
  17
  18
  19
  20
  21
  17
  18
  19
  20
  21
  23
  24
  25
  27
  28
  30
  32
  33
  35
  37
  39
  41
  43
  45
  48
Funds from operations, $m
  38
  44
  45
  46
  47
  48
  49
  50
  52
  53
  53
  54
  56
  57
  59
  60
  62
  64
  66
  68
  70
  72
  74
  77
  79
  82
  84
  87
  90
  93
Change in working capital, $m
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -2
  -2
  -2
  -2
Cash from operations, $m
  39
  45
  46
  47
  48
  49
  50
  51
  52
  54
  54
  55
  57
  58
  60
  61
  63
  65
  67
  69
  71
  73
  75
  78
  80
  83
  86
  89
  92
  95
Maintenance CAPEX, $m
  -7
  -8
  -9
  -10
  -10
  -11
  -12
  -13
  -14
  -15
  -16
  -17
  -18
  -19
  -20
  -21
  -23
  -24
  -25
  -27
  -28
  -30
  -32
  -33
  -35
  -37
  -39
  -41
  -43
  -45
New CAPEX, $m
  -7
  -7
  -8
  -8
  -8
  -9
  -9
  -9
  -10
  -10
  -10
  -11
  -11
  -12
  -12
  -13
  -13
  -14
  -14
  -15
  -16
  -16
  -17
  -18
  -19
  -20
  -21
  -22
  -23
  -24
Cash from investing activities, $m
  -14
  -15
  -17
  -18
  -18
  -20
  -21
  -22
  -24
  -25
  -26
  -28
  -29
  -31
  -32
  -34
  -36
  -38
  -39
  -42
  -44
  -46
  -49
  -51
  -54
  -57
  -60
  -63
  -66
  -69
Free cash flow, $m
  24
  29
  29
  29
  29
  29
  29
  29
  29
  29
  28
  28
  28
  27
  27
  27
  27
  27
  27
  27
  27
  27
  27
  27
  27
  26
  26
  26
  26
  26
Issuance/(repayment) of debt, $m
  -52
  49
  51
  53
  55
  57
  60
  62
  64
  67
  70
  72
  75
  78
  82
  85
  89
  93
  97
  101
  105
  110
  115
  121
  126
  132
  138
  145
  151
  159
Issuance/(repurchase) of shares, $m
  79
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  27
  49
  51
  53
  55
  57
  60
  62
  64
  67
  70
  72
  75
  78
  82
  85
  89
  93
  97
  101
  105
  110
  115
  121
  126
  132
  138
  145
  151
  159
Total cash flow (excl. dividends), $m
  51
  78
  80
  82
  84
  86
  89
  91
  93
  96
  97
  100
  103
  106
  109
  113
  116
  120
  124
  128
  132
  137
  142
  147
  153
  158
  164
  171
  177
  184
Retained Cash Flow (-), $m
  -104
  -5
  -6
  -6
  -6
  -6
  -7
  -7
  -7
  -7
  -8
  -8
  -8
  -9
  -9
  -9
  -10
  -10
  -11
  -11
  -12
  -12
  -13
  -13
  -14
  -15
  -15
  -16
  -17
  -18
Prev. year cash balance distribution, $m
  133
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  5
  5
  5
  6
  6
  7
  8
  8
  9
  9
  10
  11
  11
  12
  13
  13
  14
  15
  16
  17
  18
  19
  20
  21
  22
  23
  24
  26
  27
  28
Cash available for distribution, $m
  80
  73
  74
  76
  78
  80
  82
  84
  86
  88
  89
  92
  94
  97
  100
  103
  106
  110
  113
  117
  121
  125
  129
  134
  139
  144
  149
  155
  161
  167
Discount rate, %
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
  76
  67
  65
  63
  61
  58
  55
  53
  50
  46
  42
  39
  36
  33
  29
  26
  23
  20
  17
  15
  12
  10
  8
  7
  5
  4
  3
  2
  2
  1
Current shareholders' claim on cash, %
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0

Barrett Business Services, Inc. (BBSI) is a provider of business management solutions for small and mid-sized companies. The Company has developed a management platform that integrates a knowledge-based approach from the management consulting industry with tools from the human resource outsourcing industry. BBSI's purpose is to advocate for business owners, particularly in the small and mid-sized business segment. The Company offers two categories of services: Professional Employer Services (PEO) and Staffing. Its staffing services include on-demand or short-term staffing assignments, contract staffing, direct placement, and long-term or indefinite-term on-site management. As of December 31, 2016, the Company operated in 20 states and the District of Columbia through a network of 57 branch locations in California, Oregon, Utah, Washington, Idaho, Arizona, Colorado, Maryland, North Carolina, Delaware, Nevada, Pennsylvania and Virginia.

FINANCIAL RATIOS  of  Barrett Business Services (BBSI)

Valuation Ratios
P/E Ratio 28.8
Price to Sales 0.7
Price to Book 7.8
Price to Tangible Book
Price to Cash Flow 6.8
Price to Free Cash Flow 7.5
Growth Rates
Sales Growth Rate 13.5%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 133.3%
Cap. Spend. - 3 Yr. Gr. Rate 11.8%
Financial Strength
Quick Ratio NaN
Current Ratio 0.2
LT Debt to Equity 7.1%
Total Debt to Equity 7.1%
Interest Coverage 0
Management Effectiveness
Return On Assets 3.5%
Ret/ On Assets - 3 Yr. Avg. 0.7%
Return On Total Capital 25.3%
Ret/ On T. Cap. - 3 Yr. Avg. 8.2%
Return On Equity 30.4%
Return On Equity - 3 Yr. Avg. 12.7%
Asset Turnover 1.6
Profitability Ratios
Gross Margin 17.4%
Gross Margin - 3 Yr. Avg. 13.3%
EBITDA Margin 3.4%
EBITDA Margin - 3 Yr. Avg. 0.8%
Operating Margin 3.1%
Oper. Margin - 3 Yr. Avg. 0.4%
Pre-Tax Margin 3.1%
Pre-Tax Margin - 3 Yr. Avg. 0.4%
Net Profit Margin 2.3%
Net Profit Margin - 3 Yr. Avg. 0.5%
Effective Tax Rate 26.9%
Eff/ Tax Rate - 3 Yr. Avg. 31.7%
Payout Ratio 31.6%

BBSI stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the BBSI stock intrinsic value calculation we used $920 million for the last fiscal year's total revenue generated by Barrett Business Services. The default revenue input number comes from 2017 income statement of Barrett Business Services. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our BBSI stock valuation model: a) initial revenue growth rate of 9.5% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for BBSI is calculated based on our internal credit rating of Barrett Business Services, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Barrett Business Services.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of BBSI stock the variable cost ratio is equal to 96.6%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for BBSI stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 7% for Barrett Business Services.

Corporate tax rate of 27% is the nominal tax rate for Barrett Business Services. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the BBSI stock is equal to 0.5%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for BBSI are equal to 8%.

Life of production assets of 10 years is the average useful life of capital assets used in Barrett Business Services operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for BBSI is equal to -0.6%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $89 million for Barrett Business Services - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 7 million for Barrett Business Services is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Barrett Business Services at the current share price and the inputted number of shares is $0.5 billion.

RELATED COMPANIES Price Int.Val. Rating
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KELYA Kelly Services 25.19 47.53  str.buy
RHI Robert Half In 76.96 45.72  sell
TNET TriNet Group 58.34 134.33  str.buy
PAYX Paychex 72.32 54.35  hold
ADP Automatic Data 142.55 111.47  hold
MAN ManpowerGroup 88.26 230.07  str.buy
BGSF BG Staffing 29.07 28.25  str.buy
ASGN ASGN 90.88 65.47  sell

COMPANY NEWS

▶ BBSI Confirms $0.25 Per Share Quarterly Cash Dividend   [Aug-10-18 03:00PM  GlobeNewswire]
▶ Barrett Business Services, Inc. to Host Earnings Call   [Aug-08-18 10:00AM  ACCESSWIRE]
▶ Barrett: 2Q Earnings Snapshot   [05:08AM  Associated Press]
▶ BBSI Reports Second Quarter 2018 Financial Results   [Aug-07-18 04:05PM  GlobeNewswire]
▶ BBSI Refines Structure of its Workers Compensation Program   [Jun-27-18 04:05PM  GlobeNewswire]
▶ BBSI Confirms $0.25 Per Share Quarterly Cash Dividend   [May-08-18 08:30AM  GlobeNewswire]
▶ Barrett: 1Q Earnings Snapshot   [May-01-18 05:35PM  Associated Press]
▶ BBSI Maintains $0.25 Per Share Quarterly Cash Dividend   [Mar-02-18 08:30AM  GlobeNewswire]
▶ Barrett posts 4Q profit   [05:03AM  Associated Press]
▶ BBSI Maintains $0.25 Per Share Quarterly Cash Dividend   [Nov-09-17 04:05PM  GlobeNewswire]
▶ Barrett Business Services, Inc. to Host Earnings Call   [Nov-08-17 10:00AM  ACCESSWIRE]
▶ Barrett posts 3Q profit   [Nov-07-17 07:25PM  Associated Press]
▶ BBSI Maintains $0.25 Per Share Quarterly Cash Dividend   [Aug-25-17 12:30PM  GlobeNewswire]
▶ Barrett posts 2Q profit   [Aug-08-17 10:35PM  Associated Press]
▶ BBSI Maintains $0.25 Per Share Quarterly Cash Dividend   [May-08-17 04:05PM  GlobeNewswire]
▶ Barrett reports 1Q loss   [05:02AM  Associated Press]
▶ BBSI Reports First Quarter 2017 Financial Results   [May-04-17 04:05PM  GlobeNewswire]
▶ Barrett posts 4Q profit   [04:40PM  Associated Press]
▶ BBSI Promotes Heather Gould to Chief Strategy Officer   [Jan-10-17 04:05PM  Marketwired]
▶ BBSI Appoints Vince Price to its Board of Directors   [Dec-20-16 05:04PM  Marketwired]
▶ Is Ares Commercial Real Estate Corp (ACRE) A Good Stock To Buy?   [Dec-12-16 05:04AM  at Insider Monkey]
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