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so it's no surprise that trinet roared out of the gate on the first day of trading. last month they reported a healthy earnings with a 44% sales growth. just picture perfect. a 30% gain since we last spoke -- rallied since the first day i recommend the stock when it became public. today the stock hit the 52-week high. up another 3% so, let's check in with burton goldfield to learn more about the quarter and the company's prospects. welcome back. >> great to see you. in reality, something you talked about was even more complex is the multistate environment. every state has its own set of rules. who would know how to follow them? >> every state has its own set of rules, how many hours constitute overtime, each state is different. so the complexity of running a business continues unabated. affordable care act is just a small part of that. >> what would happen if i didn't use trinet, i opened my business. would i discover that different departments of labor would be after me, the fed would be after me. i'm trying to envision a world. candidly i think your company is a pl
so it's no surprise that trinet roared out of the gate on the first day of trading. last month they reported a healthy earnings with a 44% sales growth. just picture perfect. a 30% gain since we last spoke -- rallied since the first day i recommend the stock when it became public. today the stock hit the 52-week high. up another 3% so, let's check in with burton goldfield to learn more about the quarter and the company's prospects. welcome back. >> great to see you. in reality, something...
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Aug 12, 2014
08/14
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. >> there's a company trinet, hedge funds and other firms deal with hr.a play on too much regulation. you think there's too much regulation in the world, go buy trinet, the ones who say, hey, listen, too much regulation in the world, we'll do it for you. charles river will be interesting. i want to know about ebola. >> especially because the supply is gone, sent everything over there. >> i get to tell you, people have a race to do the vaccines, need animals to test, and they got all different kinds of rats, which is what you start with. >> jim, see you tonight. >> thank you, guys. >> 6:00 p.m. eastern time. simon, what's next? >> we have the best selling author here on the fight between the book authors and amazon. we'll talk fixing common currency with black rock's chief investment strategist, jeff rosenburg, and what's wrong with the consumer? you see it in retail and income figures. focusing on that in the second hour of "squawk on the street. a card that gave you that "i'm 16 and just got my first car" feeling. presenting the buypower card from capita
. >> there's a company trinet, hedge funds and other firms deal with hr.a play on too much regulation. you think there's too much regulation in the world, go buy trinet, the ones who say, hey, listen, too much regulation in the world, we'll do it for you. charles river will be interesting. i want to know about ebola. >> especially because the supply is gone, sent everything over there. >> i get to tell you, people have a race to do the vaccines, need animals to test, and they...
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Aug 12, 2014
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that if you run a company, you no i know you're very pro-regulation, you want regulations up to he trinet says that's great for us. he seems very pro-regulatory. >> please -- >> do you even believe in helmets to stop concussion in the nfl? >> my ears have padded any head blow i'm taken just fine. >> you have to be like one of these guys. >> i had a full head of hair until ten years of rugby. jim, thank you. >>> it is a big theme right now, global risk. we are about to give you a global risk playbook with two top money managers telling us what they are -- you like it when i ignore the prompter. >> i know exactly what just happened. >>> plus a hotel of the future, think robot room service, brought to you by mr. lipton. right after this. in a world that's changing faster than ever, we believe outshining the competition tomorrow requires challenging your business inside and out today. at cognizant, we help forward-looking companies run better and run different - to give your customers every reason to keep looking for you. so if you're ready to see opportunities and see them through, we say: l
that if you run a company, you no i know you're very pro-regulation, you want regulations up to he trinet says that's great for us. he seems very pro-regulatory. >> please -- >> do you even believe in helmets to stop concussion in the nfl? >> my ears have padded any head blow i'm taken just fine. >> you have to be like one of these guys. >> i had a full head of hair until ten years of rugby. jim, thank you. >>> it is a big theme right now, global risk. we...
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Aug 13, 2014
08/14
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it's something that trinet's talking about.of health care in the country gone up huge since the affordable care act. it's the unaffordable care act. call it that, the uca, not the aca. i'm not for our against it, but look at the deductible. it's just zoomed. was that supposed to happen? >> to bend the cost curve overall and bring costs down. >> it is. >> everybody thinks twice whether they spend on anything. question is, when you need something, what do you do? >> it's going to cost too much for a lot of people to have children. $12,000 to have a baby, $5,000 deductble. you'll get blown out if you have a baby and not wealthy and self-employed. something to think about. lowers how much we spend on health care, it is, but it's making everyone spend too much. >> yeah. >> i don't mean to be political, but this is what -- this is what the companies that are involved in health and human services at the firm for professional business organizations say to me. deductibles are flying high, and people are not going -- well, it's too expen
it's something that trinet's talking about.of health care in the country gone up huge since the affordable care act. it's the unaffordable care act. call it that, the uca, not the aca. i'm not for our against it, but look at the deductible. it's just zoomed. was that supposed to happen? >> to bend the cost curve overall and bring costs down. >> it is. >> everybody thinks twice whether they spend on anything. question is, when you need something, what do you do? >> it's...
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Aug 13, 2014
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one of the major reasons i like trinet, a sleepy little company. company we talked to yesterday, it hardly did a thing the first day. you could have gotten all the stock you wanted. it's been a juggernaut ever since because a solid, well managed company with a good balance sheet. making money. or take cramer fave q. it's known as a contract research organization. it's like charles river labs. basically, it's an arms dealer to all sorts of pharma and biotech companies conducting outsourced clinical trials that help save on costs so that drug developers can spend their time focusing on what they do best, developing new formulations. unlike charles river, though, which best launches an early stage research, 1-800-lab rats is, indeed the phone number. let me put it this way, all about helping biopharma companies, while quintiles is about running the final gamut of clinical trials so they can gain fda approval and be commercialized. when they became public in may of last year, it was a yawner. the ipo was far from impressive. unlike all of the much hype
one of the major reasons i like trinet, a sleepy little company. company we talked to yesterday, it hardly did a thing the first day. you could have gotten all the stock you wanted. it's been a juggernaut ever since because a solid, well managed company with a good balance sheet. making money. or take cramer fave q. it's known as a contract research organization. it's like charles river labs. basically, it's an arms dealer to all sorts of pharma and biotech companies conducting outsourced...