Chinese human resources services company 51job Inc. said on Tuesday that its board and shareholders approved a $25 million share repurchase program.
The company said it would pay for the repurchase of its American Depositary Shares with working capital. It said it has about $151.7 million in cash.
The stock trades for 5.3x cash flow.

51job provides integrated human resource services to employers and job seekers in China.

51Job, Inc. ( JOBS ) provider of human resource services to job hunters and employers The stock has a P/E of 42 and a PEG of 1.46.

human resources sourcing and placement services....online and offline

I believe this is the most speculative stock of this bunch. In fact, I would not be surprised if someone like a Baidu (BIDU) or a Netease (NTES) or Sina.com (SINA) might buy these guys out (similar to how Yahoo bought Hotjobs.com). I do recommend that risk averse investors stay away from this stock simply in lieu of the volatility it presents. To give you an idea, from Oct 2004 to December 2004, the stock went from $21 to $55 before falling back to $21 by the third week of January 2005. The rest of 2005 saw this stock trade as low as under $10, only to bounce back shortly a year ago to $31. The stock currently trades at around $18. Earnings and revenue growth has been steady at between 15-20%, and the stock trades at 25 times forward earnings. While not a bargain, this is the main source of job listings online and through print in China. And with non-farm related jobs increasing in the populous country, the stock should enjoy a booming market.

This has seem to be a good sector. When you conisder they have very little float, no debt, Price to sells and book being relative low. when growth there price per share shoould climb pretty well.

Exposure in China.

51job (JOBS)
51job President and CEO Rick Yan cut his stake to about 16.2 million shares (30.1%) after selling one million shares on April 10 to Recruit Co. for $13 a share.