Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
So what: Just look at the second-quarter results. Revenue increased 27% to $51.4 million while profit improved to $0.44 a share, and was up 45% when calculated in the company's native currency -- the Chinese yuan.
Now what: So why the selloff? Analysts were looking for $0.50 a share in profit in Q2. So be it. As my Foolish colleague Rick Munarriz wrote earlier today, 51job may not be cheap at 29 times this year's projected earnings, but its shift to end-to-end human-resources products and services should deliver plenty of growth to justify the price. Do you agree? Disagree? Weigh in using the comments box below.
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