Robert Half: Positive Green Shoots, But Near-Term Outlook Still Murky (Upgrade To Hold)

I had a sell rating for Robert Half Inc. (NYSE: RHI ) as the stock was trading at an elevated multiple despite the challenges it was facing. The good news is there are very early signs thatI’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, and manage ...