At first glance, staffing services specialist Robert Half (RHI) seems too risky of a venture to consider. For one thing, the market performance is lackluster, falling conspicuously behind that of the benchmark S&P 500 index. Moreover, the labor market relative to the devastation of the COVID-19 pandemic has been robust, perhaps unusually so. Fundamentally, that poses pressure on RHI stock.
Nevertheless, the good times might not continue rolling forward. With rising signs that all might not be so well – particularly the recent softness in the major equity indices – RHI stock may finally have its time to shine. Cynically speaking, should desperation accelerate in the labor market amid mass layoffs, Robert Half’s core business of connecting job candidates to staffing and employment opportunities should blossom.
