I believe that Employee Solutions (ESOL) has long term value that can be achieved through aggressive shareholder oversight. The stock has been as low as 21 cents recently but only a few years ago spent significant time over $5.00. The business remains strong – it is the recent management decisions that have seriously impaired the bottom line and the share price. Management must cut debt, focus on profitable core business and improve shareholder communication. Recently, almost 5% of Employee Solutions has been bought by a public mutual fund, Allied Owners Action Fund. www.eRaider.com, a website devoted to shareholder activism, is sponsoring a message board on Employee Solutions – it is the first corporate takeover exclusively run on an Internet message board, with all strategy and analysis posted in public. We believe that we can motivate Employee Solution’s management and recapture previous value for the cost of an email. We invite responsible investors to post their suggestions for improving long term value.
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Aaron Brown
eRaider co-founder