Korn Ferry: Promising Green Shoots Are Not Enough To Justify A Buy Rating

I give a hold rating for Korn Ferry (NYSE: KFY ) as I believe the early signs of recovery are promising but not yet strong enough to justify a more bullish view. While executive search and RPO segmentsI’m a fundamental, valuation-driven investor with a strong focus on identifying businesses that have the potential to scale over time and unlock massive terminal value. My investment approach centers around understanding the core economics of a business—its competitive moat, unit economics, reinvestment runway ...