NEW YORK, NY--(Marketwired - May 31, 2017) - Stock Market Media Group notes new research coverage in the month of May as New York investment bank, Midtown Partners & Co., LLC ("Midtown") has initiated coverage on Staffing 360 Solutions, Inc. (
Read Midtown's report at:
http://midtownpartners.com/wp-content/uploads/Staffing-360-Solutions-Inc.pdf
Midtown's Director of Research, analyst William Relyea, said of the firm's initiation of coverage on Staffing 360 Solutions, "We base our price target on expectations for a resumption of accretive acquisitions which the company has used in the recent past to grow revenues, gross profit, EBITDA and Adjusted EBITDA. We think investors will become comfortable with the return to more rapid growth on a somewhat less dilutive basis and will be willing to pay up from the low current valuation as measured by multiples of revenues and gross profits."
Staffing 360 Solutions operates in the high-growth staffing industry where it is executing a global buy-and-build strategy through the acquisition of staffing organizations in both the United States and the United Kingdom. Globally, the staffing industry is estimated at $430 billion, and in Midtown's report, which was released to its clients and investors earlier this month, the firm highlighted a number of key areas for investors to consider when evaluating the company:
- STAF has a highly-focused growth by acquisition strategy that through 6 acquisitions in the highly-fragmented staffing market achieved rapid growth with high client retention, strong recurring revenues and expanding aEBITDA from its beginning in 2013 to 2016.
- Recent financings totaling $9 million by the Jackson Investment Group eliminated a prior financing that required significant near-term payments and reduced forward visibility. These investments should allow STAF to resume its program of accretive acquisitions in the temporary staffing industry.
- The company's stated goal is to achieve $300 million in revenue run rate, up from $183.5 million for last year.
The report states that profitability at Staffing 360 Solutions seems likely to continue to improve. "As measured by EBITDA and adjusted EBITDA, STAF has been advancing towards profitability. Gross profit margins have been steady and operating expenses decreasing as a percentage of revenues."
Midtown's analyst says, "The entry of the Jackson Investment Group makes a very positive change in the outlook for STAF's prospects for returning to its "buy-and-build" acquisition strategy."
Read Midtown's report here:
http://midtownpartners.com/wp-content/uploads/Staffing-360-Solutions-Inc.pdf
About Midtown Partners & Co., LLC
Originally founded in May 2000, Midtown Partners & Co., LLC is an investment bank focused on private placement investment banking opportunities. The investment banking group at Midtown Partners & Co., LLC was founded on the premise that client relationships and industry focus are keys to the success of emerging growth companies. Such companies require investment-banking services from a firm with a unique understanding of the marketplace and the nature of these transactions. Additional information can be found at http://www.midtownpartners.com.
About Stock Market Media Group
Stock Market Media Group is a Content Development IR firm offering a platform for corporate stories to unfold in the media with research reports, corporate videos, CEO interviews and feature news articles.
Stock Market Media Group may from time to time include our own opinions about the companies, their business, markets and opportunities in our articles. Any opinions we may offer about any of the companies we write about are solely our own, and are made in reliance upon our rights under the First Amendment to the U.S. Constitution, and are provided solely for the general opinionated discussion of our readers. Our opinions should not be considered to be complete, precise, accurate, or current investment advice, or construed or interpreted as research. Any investment decisions you may make concerning any of the securities we write about are solely your responsibility based on your own due diligence. Our publications are provided only as an informational aid, and as a starting point for doing additional independent research. We encourage you to invest carefully and read the investor information available at the web site of the U.S. Securities and Exchange Commission at: www.sec.gov, where you can also find all the company's filings and disclosures. We also recommend, as a general rule, that before investing in any securities you consult with a professional financial planner or advisor, and you should conduct a complete and independent investigation before investing in any security after prudent consideration of all pertinent risks.
We are not a registered broker, dealer, analyst, or adviser. We hold no investment licenses and may not sell, offer to sell or offer to buy any security. Our publications about any of the companies we write about are not a recommendation to buy or sell a security.
SEC RULE 17b
COMPENSATION DISCLOSURE
Section 17(b) of the 1933 Securities and Exchange Act requires publishers who distribute information about publicly traded securities for compensation, to disclose who paid them, the amount, and the type of payment. In order to be in full compliance with the Securities Act of 1933, Section 17(b), Stock Market Media Group is disclosing that it was compensated $860 for content development related to this research report by Staffing 360 Solutions, Inc. via a bank wire.
For more information: www.stockmarketmediagroup.com.
Contact Information:
Contact:
Stock Market Media Group
info@stockmarketmediagroup.com