Daily News
View All NewsBarrett taking $3.5 million non-cash charge
October 13, 2008
Barrett Business Services Inc. said it will record a non-cash charge of $3.5 million in the third quarter because of an investment in four closed-end bond funds. The bonds represent an original investment of $4.0 million, but company management reported that because of the capital market's woes, the bonds now have a market value of approximately $491,000.
Barrett is a Vancouver WA-based commercial staffing and professional employer organization firm.