Staffing, Outsourcing and Rental & Leasing Services

January 18, 2013

Topics covered: Workforce Flexibility Requirements, Strong Demand for IT Staffing, Secular Trend Toward Temporary Staffing, Growth in Temporary Staffing Demand, Growth in Equipment Leasing Adoption Rates, Consolidation Potential in Fragmented Industry

Companies covered: TrueBlue, Inc. (NYSE:TBI), Robert Half International Inc. (NYSE:RHI), ManpowerGroup (NYSE:MAN), Kforce, Inc. (NASDAQ:KFRC), Kelly Services, Inc. (NASDAQ:KELYA), Textainer Group Holdings Limited (NYSE:TGH), TAL International Group, Inc. (NYSE:TAL), Fly Leasing Limited (NYSE:FLY), Cai International, Inc. (NYSE:CAP), Aircastle Limited (NYSE:AYR), Aercap Holdings N.V. (NYSE:AER), On Assignment, Inc. (NYSE:ASGN), Resources Connection, Inc. (NASDAQ:RECN), Ryder System, Inc. (NYSE:R), General Electric Company (NYSE:GE), CIT Group Inc (NYSE:CIT), Werner Enterprises, Inc. (NASDAQ:WERN), Old Dominion Freight Line, Inc. (NASDAQ:ODFL), Landstar System, Inc. (NASDAQ:LSTR), Atlas Air Worldwide Holdings (NASDAQ:AAWW), UTi Worldwide Inc. (NASDAQ:UTIW), United Parcel Service, Inc. (NYSE:UPS), Rand Logistics, Inc. (NASDAQ:RLOG), Pacer International Inc., Kirby Corporation (NYSE:KEX), Hub Group, Inc. (NASDAQ:HUBG), FedEx Corporation (NYSE:FDX), Expeditors International of Washington, Inc. (NASDAQ:EXPD), Automatic Data Processing, Inc. (NASDAQ:ADP), Paychex, Inc. (NASDAQ:PAYX), Monster Worldwide, Inc. (NYSE:MWW), Dice Holdings, Inc. (NYSE:DHX), AMN Healthcare Services Inc (NYSE:AMN), Western Union Company (The) (NYSE:WU), Visa Inc. (NYSE:V), Total System Services, Inc. (NYSE:TSS), Mastercard Incorporated (NYSE:MA), Lender Processing Services, In, Iron Mountain Incorporated (NYSE:IRM), Heidrick & Struggles International, Inc. (NASDAQ:HSII), Global Payments Inc. (NYSE:GPN), Geo Group Inc (The) (NYSE:GEO), FTI Consulting, Inc. (NYSE:FCN), Corrections Corporation of America (NYSE:CXW), Alliance Data Systems Corporation (NYSE:ADS)

Buy ($175)