SEEK and you shall find

If you haven’t heard of Melbourne-born online job search and education company Seek Limited (ASX: SEK), chances are your self-employed or a precious commodity to your organisation. For those of us who’ve needed a job in the 21 st century, Seek is the one-stop shop – the first point of call for all wannabe employees.

Founded in Melbourne in 1997, Seek’s domination of the Australian employment market has been rapid and given employers and employees everything they have searched for. Despite having high prices, advertisers and jobseekers are addicted to the largest employment website Australia has to offer. The company’s job site has 150,000 jobs online and boasts 14.7 million visits each month. It’s a staggering figure considering the population of our nation, but the market thinks it’s got more growth in store.

With a P/E of over 27, Goldman Sachs and CSLA justifiably upgraded their price target. It is an expensive company but the market is seeking the future. Since December 2012, Seek’s share price has risen 60% — it looks like investors have found what they were searching for.

With an accomplished domestic market, Seek’s future is overseas. Domestic operating revenue retreated 2% for their first half results of FY13 compared to the same period in 2012, but its international operating revenue increased a staggering 223%.

Despite competition from Monster Worldwide (NYSE: MWW), Seek is defiant through its Australian subsidiary Beginning its own international campaign in South East Asia, China, Brazil and Mexico, it is giving investors many reasons to keep them as a growth company in their portfolios.

Foolish takeaway

Whether you are unemployed, employed or a student, Seek has everything to offer. Increasing its international market share has shortlisted it in many investor’s portfolios. A growing online environment with huge international partners and aggressive expansion could mean Seek is about to make investors rich.

Not quite what you’re seeking? If you’re looking for other great investment ideas, click here now to get The Motley Fool’s special FREE report, “3 Stocks For the Great Dividend Boom”. The report lists the names, stock symbols, and full research for our three favourite income ideas, all completely free!

More reading

The Motley Fool’s purpose is to help the world invest, better.  Click here now  for your free subscription to Take Stock, The Motley Fool’s free investing newsletter. Packed with stock ideas and investing advice, it is essential reading for anyone looking to build and grow their wealth in the years ahead.  This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson. Motley Fool contributor Ryan Newman does not own shares in any of the companies mentioned in this article.

Top 3 ASX Blue Chips To Buy For 2019

For many, blue chip stocks mean stability, profitability and regular dividends, often fully franked…

But knowing which blue chips to buy, and when, can be fraught with danger.

The Motley Fool’s in-house analyst team has poured over thousands of hours worth of proprietary research to bring you the names of The Motley Fool’s Top 3 Blue Chip Stocks for 2019.

Each one pays a fully franked dividend. The names of these Top 3 ASX Blue Chips are included in a specially prepared FREE report. But you will have to hurry. Depending on demand – and how quickly the share prices of these companies moves – we may be forced to remove this report.

See the 3 blue chip stocks

Two New Stock Picks Every Month!

Not to alarm you, but you’re about to miss a very important event! Chief Investment Advisor Scott Phillips and his team at Motley Fool Share Advisor are about to reveal their latest official stock recommendation. The premium “buy alert” will be unveiled to members and you can be among the first to act on the tip.

Don’t let this opportunity pass you by – this is your chance to get in early!

Simply enter your email now to find out how you can get instant access.

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our Financial Services Guide (FSG) for more information.