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: Zacks published a report on mysmartrend.com on the human resource and employment services industry. 51job was criticized for its P/E ratio of 43 times, along with On Assignment
Now what: Disappointing jobs reports and economic news are clouding the outlook for the industry in the United States. 51job focuses on the much stronger Chinese market, however. While a weaker U.S. economy could slow jobs growth in China, investors should think twice before laying off 51job's stock.
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