moelis stockbroker

"With a market capitalization of just under $200 mil.human resources and employment group receives no coverage from the 8 brokers in the FNArena database.1 broker to see value in the stock is Moelis who see them as a buy with a price target of 50c. The reiteration of the buy rating comes after Moelis met with management where earnings for the 2nd half of EBITDA of more than the 19.9 mil delivered in the 1st half was confirmed.This guidance is consistent with Moelis forcast for full year EBITDA of 42mil.Moelis notes this would equate to EPS growth of more than 25% for FY12 following the 32% increase in FY11.Contributing to the strong earnings is their high variable cost base,this relates primarily to 'Headcount'which the group can icrease or cut relatively quickly in line with market conditions.As well Moelis suggest earnings growth performance reflects the the successful of the RHD acquisition." There is more but I have run out of space. PS. div expected over 6%. PETE.