Pre-GFC acquisitions fail to deliver for ASX listed recruiters: 2010/11 in review

My review of the 2010 results of the ASX-listed recruiters proved popular enough last year for me to invest the significant number of hours required to do the same exercise for this past financial year.   

One thing is very clear from both this year's and last year's results; most of the ASX-listed recruiters paid too much for recruitment agencies acquir…