LITTLEFIELD CORPORATION - LTFD (OTB:BB)
Littlefield Corporation is a public holding company traded on the OTCBB with trading symbol LTFD. Littlefield is a growing company with positive cash flow, positive earnings, and controlled expenses. Littlefield's exceptional leadership and clear investment strategies have guided the company to profitable quarters even in an economy where negative earnings abound. Imagine that … predictable income, logical investment philosophy, consistent strategies, real cash flow. This is not the most cutting edge idea. It may even be a little boring, but it is also predictable, logical, consistent, and profitable. (Source: www.litlefield.com)
The company engages in the development, ownership, and operation of charitable bingo halls in the United States. The company operates through two segments, Littlefield Entertainment and Littlefield Hospitality. The Littlefield Entertainment segment owns and operates charitable bingo halls. As of December 31, 2005, it operated 31 bingo halls in Texas, Alabama, and South Carolina. The Littlefield Hospitality segment involves in the party rental business, catering, and installation of tents for events, parties, weddings, and festivals. It also provides event planning services, including music, flowers, and catering. Littlefield was founded in 1994 as American Bingo and Gaming Corp. It changed its name to Littlefield Corporation in 2000. The company is headquartered in Austin, Texas. (Source: http://finance.yahoo.com/q/pr?s=LTFD.OB)
LTFD income grew 92% in 09
LTFD Q4 CY 09 record revenue
"The Company achieved a record level of revenue from continuing operations in both its fourth quarter and full year which increased 4% and 12% respectively over the comparable prior year periods; the new records were mainly attributed to the contribution of acquired halls paired with continued relatively stable performance throughout its regional bingo operations."