China's recruiting industry is relatively young, but growing steadily. 51JOBS is the No. 1 in this market. Some investors criticize that the company's print business is growing slowly, but it is profitable and provides an integrated service offering to clients. Their online business is already over 1/3 of revenues and growing quickly. The company is profitable and has $100m in cash in the bank. Management seems very disciplined with the funds and doesn't blow it on lavish marketing campaigns.
JOBS price per ADR has increased in recent months. But I still think it is a company to watch!
$16.22 (12/14/06)
