Staffing stocks are in a funk as a downtick in the employment market is taking its effect on sales and margins during the last month. With CCRN down 7% today alone, you can see that medical staffing in particular is taking a hit as hospitals and clinics scramble to lower costs.
However, the biggest problem these public companies face is that they can’t retain good staff. Their systems are broken, and they are burdened with increased scrutiny from Sarbanes Oxley. You just can’t be nimble and public any more.