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Re: cpw13154 post# 16228

Wednesday, 09/17/2014 7:42:02 AM

Wednesday, September 17, 2014 7:42:02 AM

Post# of 84062
These are not the facts...

cpw13154

O I agree they have had great growth on the opening of new branches. Trouble is all that has done is add to their already huge debt. I would imagine if he adds 10 new places then we would see an increase in revenue. Of course as we all can see that just means more debt. As we also see the important figure is same store revenues have leveled off and the new venues aren't holding their own.



If this statement were true then LTNC would not already have surpassed last years revenues. Just because a company chooses to consolidate their business for low risk/ high profit business in order to increase their gross profit margins DOES NOT mean their business has "leveled off". ESPECIALLY when the comparison for "leveling off" is over a ONE MONTH PERIOD OF TIME! In this case, the month of August.

I find it simply AMAZING how we choose to ignore the industry related articles that show that what Labor SMART is doing is actually SMART BUSINESS for any growth company that is looking to establish growth with long term longevity.

cpw13154

About all that he achieves by adding this type of revenues is having more payroll tax money to use for other things other than what they are collected for.



I would like to see proof of this statement. Of course, we all know that this proof doesn't exist since the company is now current on all their tax obligations AND under the current Agreement LTNC has with the IRS they must stay current. So it begs to wonder... Why, if we know that they have to be and are current, is this statement repeatedly made? Where is the credibility in making statements that we know factually are not true?