Littlefield Corp (LTFD)

[Psinvta]

Anyone follow this stock it paid me 8 cents a share today.
No news no posts no nothing from the company

[rspect]

Anybody still here?

[CHA$E]

Littlefield Corporation Completes South Carolina Acquisition

...nice acquisition


;)

[Royal chedda]

Man this is thin!

[Royal chedda]

Looking sold IMO

[Royal chedda]

Wow didn't even realize it. Haha.

This one is thin!

[Trendfinders]

WOW, you found and OLD post...lol

[Royal chedda]

Looking good here, and very cheap and appealing.

Float is amazing

Good luck

[Trendfinders]

Looks like the chart is setting up again here soon...

[NLionGuy]

Today? They've been in there almost every day buying whatever is up for sale. Just look for ARCA on the bid. I think they own over 13% now.

Their urgency is what I find interesting.

[Trendfinders]

LTFD -Form 4: Looks like some buying today by Boston Avenue Capital

[Trendfinders]

LTFD -Littlefield Corporation to Release Q2-2007 Earnings on Wednesday, 25 July 2007
7/23/2007

AUSTIN, Texas, Jul 23, 2007 (BUSINESS WIRE) --
Littlefield Corporation (OTCBB: LTFD.OB) announced today that it will release audited Q2-2007 earnings on Wednesday, 25 July 2007, and a conference call will be held on Friday, July 27, 2007, to discuss the earnings.

The conference call will be held at 11:00 AM CDT on July 27, 2007. Anyone who wishes to participate in the live conference call may do so by calling [phone], and referencing the Littlefield Corporation conference call. Callers will be asked for their name, company affiliation and email address.

The conference call can also be heard live on the internet at www.vcall.com. Questions may be sent to President and CEO, Jeffrey L. Minch in advance at [e-mail], or in person by calling [phone]. Questions may also be asked during the question and answer period at the end of the conference call.

The conference call is available for 90 days online at www.vcall.com.

To contact Jeffrey L. Minch:

Jeffrey L. Minch President, CEO [phone], phone [phone], fax [e-mail]

SOURCE: Littlefield Corporation

Littlefield Corporation, Austin Cecil Whitmore, 512-476-5141 Financial Analyst, Investor Relations Fax: [phone] [e-mail]

Copyright Business Wire 2007

[Trendfinders]

LTFD - Littlefield Corporation Announces Participation at ValueRich Small-Cap Financial Expo
Tuesday June 26, 4:53 pm ET


AUSTIN, Texas--(BUSINESS WIRE)--Littlefield Corporation (OTCBB:LTFD.OB - News) announced today its participation as a featured sponsor and exhibitor at the ValueRich Small-Cap Financial Expo in New York City, NY. The ValueRich Small-Cap Financial Expo was held June 21, 2007 and Littlefield presented information about the company's performance and strategic plan. The presentation was well received.
Jeffrey L Minch, President and CEO, had the following comments:

"The ValueRich Small-Cap Financial Expo was an opportunity for the Company to begin getting its story out, develop industry contacts and to begin forging contacts in the capital markets to support long-term growth.

"This is part of a concerted effort to more broadly expose the Company through the dissemination of information about the Company and attendance at appropriate conferences as a presenter. In the future, we will continue these activities and will likely hire a research firm and an investor relations firm culminating ultimately with a road show. This is an orderly, gradual process and will take place over an extended time period."

Littlefield Corporation is a Delaware Corporation headquartered in Austin, Texas whose appropriately formed and licensed wholly owned corporate subsidiaries are charitable bingo commercial lessors and charitable bingo promoters (in South Carolina only) with thirty (30) charitable bingo halls in Texas, South Carolina and Alabama. Over 100 charities conduct bingo in these charitable bingo halls and in 2006 earned over $4,300,000 to fund their noble causes.

These charitable bingo halls had over 3,000,000 customers play bingo in 2006.

In addition, the Company owns Word of Mouth (custom catering company) and Premiere Tents & Events (party rental company).

The Company has recently announced its intentions to enter the Amusement With Prize business in Texas and expects to open its first such amusement center shortly adjacent to one of its charitable bingo halls.

In accordance with the safe harbor provisions of the Private Securities Reform Act of 1995: except for historical information contained herein, certain matters set forth in this press release are forward-looking statements that are subject to substantial risks and uncertainties, including government regulation, taxation, competition, market risks, customer attendance, spending, general economic conditions and other risks detailed in the Company's Securities and Exchange Commission filings and reports.



Contact:
Littlefield Corporation, Austin
Cecil Whitmore, 512-476-5141
Financial Analyst, Investor Relations
512-476-5680 FX
[e-mail]

--------------------------------------------------------------------------------

[Trendfinders]

WOW- nice recovery!

[Trendfinders]

GOLDEN CROSS UPDATED CHARTS:
An interesting idicator, sometimes you see the price jump just before, sometimes during, or sometimes afterward.

LTFD:

[Trendfinders]

LTFD - Golden Cross Alert.

[Trendfinders]

Welcome Everyone, I'm happy to be the new Mod on the board. LTFD appears to be in pretty good shape from where I sit. I see the charts showing a golden cross about to or already occuring. Check the IBOX for the chart. I look forward to hearing from IHUB'bers and seeing where this will go.

GL

[Trendfinders]

Littlefield Corporation Announces Record Hospitality Revenue
3/29/2007

AUSTIN, Texas, Mar 29, 2007 (BUSINESS WIRE) --
Littlefield Corporation (OTCBB: LTFD) announces that its hospitality brands, Word of Mouth custom catering and Premiere Tents & Events (collectively and legally Littlefield Hospitality, Inc.), are projected to achieve the highest first quarter revenue in their history with Littlefield Hospitality.

Word of Mouth is projected to achieve a revenue level of approximately $725,000, an increase of over 75% when compared to Q1-2006.

Premiere Tents & Events is projected to achieve a revenue level of approximately $520,000, an increase of over 35% when compared to Q1-2006. This is the first time Q1 revenue has ever exceeded $500,000.

Littlefield Hospitality (the combination of Word of Mouth and Premiere Tents & Events with intracompany revenue eliminated) is projected to achieve a revenue level of approximately $1,100,000, an increase of over 55% when compared to Q1-2006.

The revenue level in excess of $1,000,000 for the first quarter is also an important symbolic achievement as it crosses a threshold never achieved before by Littlefield Hospitality during the first quarter.

The increases were driven by some important events including the Neiman Marcus grand opening and the South by Southwest Musical Festival. In addition, the level of business from loyal customers was particularly high during the first quarter perhaps signaling an increase in hospitality spending.

This impressive first quarter comes on the heels of record revenue achieved in each of the last three quarters with particular note being given to surpassing the $2,000,000 level in Q4-2006. This makes four consecutive quarters in which the Littlefield Hospitality revenue was the highest each quarter for its respective quarter. When taken together this signals a trailing annual revenue of approximately $5,800,000. As a comparative benchmark, FY 2003 (the post 9-11 low water mark) revenue was approximately $3,410,000.

While the performance of both Word of Mouth and Premiere Tents & Events is noteworthy, Premiere has enjoyed a greater rate of growth and has achieved a continuing pattern of quarterly increases for the last three years with the exception of only one quarter.

Jeffrey L. Minch, President and Chief Executive Officer of Littlefield Corporation, offered the following comments:


"Both of our hospitality companies have enjoyed a great first
quarter. Word of Mouth has achieved an increase in revenue of
over 75% in a quarter which is typically a very difficult
quarter as hospitality spending in January and February is
usually very low.

Premiere Tents & Events continues its growth rate of over 30%
which it has now demonstrated for over two years.

These revenue increases are attributable to hard work by each and
every member of the Word of Mouth and Premiere teams.

Congratulations to all and I truly appreciate all of your hard
work!

From a macro perspective these continuing increases seem to
signal a growing level of hospitality spending in Austin and we
will continue to seek to acquire our fair share of the market
and an increasing share of the growth.

We appreciate all the clients who have allowed us to participate
in making the memories of their lives."


In evaluating this Press Release it is important to note that in accordance with GAAP, sales revenue between Word of Mouth and Premiere is subject to an intracompany elimination. In addition, revenue figures do not include sales tax. The inclusion of sales tax -- which is not in accordance with the Company's revenue recognition principles -- would increase the perceived level of revenue. Competitors of Word of Mouth and Premiere (primarily private companies) may routinely include sales tax when discussing revenue.

Investors are always cautioned to be careful in drawing conclusions from a single press release, the Company's performance in a single quarter or the individual opinions of any member of the Company's management in making their individual investment decisions. These admonitions are particularly pertinent to this Press Release as it discusses only a portion of the Company's business operations.

In accordance with the safe harbor provisions of the Private Securities Reform Act of 1995: except for historical information contained herein, certain matters set forth in this press release are forward looking statements that are subject to substantial risks and uncertainties, including government regulation, taxation, competition, market risks, customer attendance, spending, general economic conditions and other risks detailed in the Company's Securities and Exchange Commission filings and reports.

SOURCE: Littlefield Corporation

Littlefield Corporation Cecil Whitmore, 512-476-5141 Financial Analyst, Investor Relations Fax: [phone] [e-mail]

Copyright Business Wire 2007

[wreed61499]

Press Release Source: Littlefield Corporation


Littlefield Corporation Announces Record Hospitality Revenue
Thursday March 29, 7:41 pm ET


AUSTIN, Texas--(BUSINESS WIRE)--Littlefield Corporation (OTCBB: LTFD - News) announces that its hospitality brands, Word of Mouth custom catering and Premiere Tents & Events (collectively and legally Littlefield Hospitality, Inc.), are projected to achieve the highest first quarter revenue in their history with Littlefield Hospitality.



Word of Mouth is projected to achieve a revenue level of approximately $725,000, an increase of over 75% when compared to Q1-2006.

Premiere Tents & Events is projected to achieve a revenue level of approximately $520,000, an increase of over 35% when compared to Q1-2006. This is the first time Q1 revenue has ever exceeded $500,000.

Littlefield Hospitality (the combination of Word of Mouth and Premiere Tents & Events with intracompany revenue eliminated) is projected to achieve a revenue level of approximately $1,100,000, an increase of over 55% when compared to Q1-2006.

The revenue level in excess of $1,000,000 for the first quarter is also an important symbolic achievement as it crosses a threshold never achieved before by Littlefield Hospitality during the first quarter.

The increases were driven by some important events including the Neiman Marcus grand opening and the South by Southwest Musical Festival. In addition, the level of business from loyal customers was particularly high during the first quarter perhaps signaling an increase in hospitality spending.

This impressive first quarter comes on the heels of record revenue achieved in each of the last three quarters with particular note being given to surpassing the $2,000,000 level in Q4-2006. This makes four consecutive quarters in which the Littlefield Hospitality revenue was the highest each quarter for its respective quarter. When taken together this signals a trailing annual revenue of approximately $5,800,000. As a comparative benchmark, FY 2003 (the post 9-11 low water mark) revenue was approximately $3,410,000.

While the performance of both Word of Mouth and Premiere Tents & Events is noteworthy, Premiere has enjoyed a greater rate of growth and has achieved a continuing pattern of quarterly increases for the last three years with the exception of only one quarter.

Jeffrey L. Minch, President and Chief Executive Officer of Littlefield Corporation, offered the following comments:

"Both of our hospitality companies have enjoyed a great first
quarter. Word of Mouth has achieved an increase in revenue of
over 75% in a quarter which is typically a very difficult
quarter as hospitality spending in January and February is
usually very low.

Premiere Tents & Events continues its growth rate of over 30%
which it has now demonstrated for over two years.

These revenue increases are attributable to hard work by each and
every member of the Word of Mouth and Premiere teams.

Congratulations to all and I truly appreciate all of your hard
work!

From a macro perspective these continuing increases seem to
signal a growing level of hospitality spending in Austin and we
will continue to seek to acquire our fair share of the market
and an increasing share of the growth.

We appreciate all the clients who have allowed us to participate
in making the memories of their lives."

[go_ltfd]

Here is some promising news. http://biz.yahoo.com/bw/070227/20070227005781.html?.v=1

[ValuePicks]

Here's a link to TheStreet.com's "Stockpikr". Look like LTFD is getting play in around 4 portfolios.


http://stockpickr.com/members/port/50-Gain-Portfolio/#contentTitle

Interesting.

[NLionGuy]

From today's PR:

Littlefield Corporation Announces $4,350,000 in 2006 Charity Funding

In the year 2005, that figure was $3,818,000. With the Hospitality announcement a few weeks back, today's news seems to signal a good report next month.

One caveat tho - watch out for the seemingly recurring "non-recurring events" charge.

[gilead23]

So what do you make of today's annoucement Joe?

Looks to me like it should be a good comparison to last year. I am figuring .05-.06 a share is probably safe and conservative unless entertainment really fell on its face.

[gilead23]

I agree with everything you said

And I think shareholders are rational to believe all that negative stuff.

When you announce every scrap of good news and then suddenly stop the assumption is there is bad news. It was certainly true last quarter and I have a suspicion this Q will be even worse.

I would put at least 50/50 odds on a share price of .60 in the next couple months.

[Joe Master]

I guess Jeff's own policies are biting the stock price in the butt right now. Before when we had good months he would announce it. Now it is assumed since we haven't had an announcement regarding performance it must be bad, just like last quarter. Also it is likley being assumed that since we have not had an aquisition announcement there must not be anything in the works. Lastly since he also announced that he would be buying shares when the price got to the right point and it hasn't apparently got to that point with a stock price of $.80 he must be expecting the price to go down further.

I think all of these facts are contributing to a general price reduction.

Maybe we will see $.60 before the end of the year.

[Joe Master]

I agree. Even if it is only a few thousand shares each it would be a good sign.

[ValuePicks]

It would also be nice to see the new CFO and M&A guy pick up some shares. Presumeably they will make a difference and results should improve. If they believe in themselves they should buy the stock.

[Joe Master]

I wonder at what point Jeff adds to his shares. Or maybe he is no longer in the market.

[ValuePicks]

I agree with the previous two posts. Where's the beef??

Amusement Centers...Additional Bingo Halls...Bingo Bucks...New M&A executive.

A lot of talk (and overhead expense) and nothing to show for it in 2006.

[gilead23]

I think its reasonable to expect a dedicated person would ink some deals. They have just 1 for the year which is really just doing a rehab project on an adjacent building.

They really aren't giving anyone a reason to buy. There is no word on bingo bucks (something they were talking about possibly having done months ago) and nothing in the way of new halls.

In the end no growth on the horizon and some unmet expectations are whats keeping it in the dumps.

I might buy back in the .60's if it gets there but I have a sense we might see some actual losses in the future. The company is getting unusually quiet for folks that were boasting about exceptional results 6 months or so ago.

[Joe Master]

Well all is quiet at Ltfd it seems. new Director of Capital Transactions has been on board for four full months now with not a peep out of him. Maybe I am too impatient but we also are seeing stock prices in the eighties and no sign of Jeff buyig up any shares either.

[Joe Master]

From the lack of a form 4 filing I would say definately not.

[go_ltfd]

Wonder if JM bought more shares Friday?

[ValuePicks]

On the bright side we had good volume today at 131,000. If it continues however, the stock will probably be at .50 within a few days. (More bingo halls opened or bought - not talked about or promised.)

[gilead23]

After review I had them doing worse than my original estimate
but not as bad as they actually did.

I had gone and looked up the numbers for Texas Bingo from the Texas Lottery Commission website which appeared to be down 3% sequentially. I figured that was a good proxy for bingo ops as a whole. I had them figured for about .01 before the one time.

Yuck is all I can say. I did have my handful of shares sold before the report. I had a gob of them at one time. Glad I am not still holding them.

[Joe Master]

Couldn't possibly be more disappointed. Even if the BS that is in the release is believed then operations only improved by $50K over last year? On $300K more in revenue? Where are the synergies from the lack of legal expenses where is the improved performance in all operations of the company? Where is the lowering of the breakeven point for Hospitality.

Maybe this is where Jeff steps up and starts buying shares after his quiet period ends. Maybe that was the plan all along. I wouldn't put anything past anyone these days.


Smacked in the face again. I guess I should have learned a while ago. I made my forecast here which I thought was a middle of the road guess, but these results are way below what I thought was the worst possible scenario.

[ValuePicks]

Update to my 2006 earnings estimates.

Obviously today was disappointing. Good earnings growth and margins in BINGO, but hospitality remains a drag, as do costs associated with legacy issues. Unfortuneately, no expansion growth activity completed. (Yes, I know a proposed hall was discussed, but so were amusement arcades last quarter. Pie on the plate, not pie in the sky, please.)

2006 EPS now looks like .11 to .13. Without completed expansion growth activity, PE will flounder at 5-7, so my price range for the next six months is .55 to .91.

I think it will take a quarter or two of start ups or acquisitions to create belief in the growth story here, so I won't make projections regarding that scenario until 2-3 back to back quarters of deals are reported.

[StevenRisk]

IMO, we see a minimum of .02 after the expense. The legal fees should start going directly to the bottom line. My memory isn't what it used to be but I thought they would reduce legal fees by atleast $300k a year. With that you only have an additional 100K to make up. IMO, we will see decent results but not eye boggling. Looking for another aquisition very soon probably will be mentioned next week.

[ValuePicks]

I think LTFD does .14-.16 this year. PE will remain in the 5-7 range until expansion growth is executed. If earnings are .14 for the year with no additional expansion growth, stock could trade as low as .70. If it hits .16 with some expansion growth executed in 2006, we could see $1.60. Kind of volatile, ain't it.

[gilead23]

Sounds like we have a gentlemans bet

I am pretty confident EPS of a penny would drop the share price. How much depends on the wording of the PR but I would be suprised to see a close of over .90 in that event and could envision and intra-day low of under .80

[Joe Master]

If they show at least a penny profit after the one time charge (3 cents before) then the price will not go down. The annual profit will be in the $.15 range for recurring profits with a good growth rate.

[gilead23]

Sounds like our assumptions are similar then

Mine were probably a bit better but the fact that we have hardly heard a peep from the company isn't a good sign.

Their press releases are hard to dissect so if you are right and they do say .01 after the 1 time expense I would expect the share price to take a big hit. That could be an opportunity to buy some depending on how good or bad the results actually are and how far the price falls.

I may have some more thoughts on the numbers in the next week or so.

[Joe Master]

That would be before the one time. I was just doing a simple year to year comparison. Last year was break even this year we are about 300K estimated better per Q. Kind of a simplistic view but sometimes this is better analysis than looking into details. Anyone else have a thought.

[gilead23]

Really 300k?

Are you considering the one time in that or is 300k without the onetime?

300k including the onetime expense would be quite solid. I was figuring on no more than 200k.

[Joe Master]

Seems a little dumping of a small position is going on today at a buck. Maybe a little skittish before the earnings are released.

I think we will have a few hundred thousand profit for the quarter.

[gilead23]

Still sounds wrong to not accrue the 18% annually but as you are an accountant and Im not I will take your word for it

As far as this quarter I would expect it to be weaker due to the one time and seasonal issues.

If they pull more than .02 a share I will be suprised.

I think if you are creative about it though you might be able to get a feel for how the bingo business did before the results are out.

I don't think it will be an exceedingly good quarter. Lately Jeff has put out releases when a quarter is unusually good. So far this Q has been silent.

[Joe Master]

I am/was an accountant and the way it works is, if you do not expect to pay 18% interest then you would not accrue at 18% interest. Each year you would add that years interest charges at whatever rate you expect to pay.

Now if the statuatory rate is 12% for example and you accrue at 8% you need to convince your auditors on why 8% is more approriate than 12%.

All in all this is one accounting issue they have handled very well. The actual shortfall is really nothing more than this years interest charges.

Now for what is really important I wonder how we did for Q3 since the price is down to a Buck and a couple pennies now.

[gilead23]

Than shouldn't they have accrued the 18% interest charge annually?

I don't believe they did that which I believe is where the discrepency in reserves vs liability was.

Im not an accountant but it seems like if they lost the judgement and were incurring interest expenses it would have been prudent to increase reserves as interest expenses related to the judgement piled up.

[Joe Master]

No I am not saying they should reserve based on stock price. The rule is you reserve for what you expect the liability will ACTUALLY be. If you expect to have a $1 million in liability including interest etc you reserve $1.0 million. If there is interest added on over time you do not reserve for that in advance because that is a period charge that should be charged to that future period. In effect they were perfectly accrued.

[gilead23]

You aren't seriously suggesting they should base their reserves on the effect on the stock price are you? Thats an Enron approach.

The idea is they reserve what is correct. As I see it they got very lucky with a gamble that they could negotiate it down.

I agree the way they dealt with the lawsuit was reasonable but I don't see how the level of reserves were. They were extremely lucky to get it even that close. We are probably just going to disagree on this.

Its highly unlikely LTFD will ever attract big investors because the market cap is to small for them to bother. On the other hand they don't need it for large price appreciation. As I said they tripled the share price without it. Beyond that I can think of a number of 5 and ten baggers (recently TGIS comes to mind) with tiny floats. In fact low float mania is all the rage nowadays.

Im not criticizing Jeff's general performance. I have to say overall they have done a great job getting the house in order. I basically have 2 concerns

1. Where is the growth going to come from
2. How much can we trust the numbers given a steady stream of accounting problems.

I get the impression you spend as much time around microcaps as I do and if so I would have to believe you are very sensitive to any hint of accounting issues.