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I think a little due diligence is in order....
Labor SMART is neither "stinky" as a company from an operational standpoint and they are definitely not a "pinky." Rather, they are a fully reporting OTCQB company.
That's a good one...
I guess if that's the case we might as well remove half of Congress, a third of the Senate, a quarter of Wall Street, Judges, Lawyers and several CEO's of much much larger corporations.
Oh wait, it seems like the rest of America could care less about what stupid stunt a teenager pulls that gets him into trouble! I highly doubt that a mistake made twenty years ago as a teenager is any legitimate means to measure a persons ability to run a company successfully!
Thank goodness me and my drunk frat buddies never got caught blowing up all those mailboxes with M-80's. Otherwise, I would have a criminal record too!
Decatur? Hmmm.....
I did a little due diligence and couldn't find any relation to Labor SMART and Decatur.
I reached out to some very reliable sources and was told "NO COMMENT" until sometime next week.
Hmmm.... Makes you wonder what we have in store for us over the next several days????
JMHO
GOOD OBSERVATION...
Considering the dynamic growth that Labor SMART continues to be showing it isn't a surprise to see investor's gobbling up shares down here at this level.
Today's buying shows where the support level seems to be.
JMHO
In order for a penny to fail the operations have to fail. If nothing else, this company continues to grow by leaps and bounds. If we are going to analyze the success of a company by its stock price then that is not being realistic. That is why some companies are overvalued and some are undervalued in the marketplace.
Adversity creates the best opportunities in the market. If making money in stocks were just as easy as the performance of a company having is stock price trade in parity, then everyone would make money in the market.
As long as this company continues to grow and accumulate critical mass, it is only a matter of time before they uptick to a larger exchange and get the respect of trading in antcipation of earnings. Certainly, they deserve that right!
JMHO
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.
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.
EVERYTHING looks promising! ESPECIALLY at these levels....
cpw13154
LOL nothing looks promising at all. They have 16 venues that are doing nothing except adding to the already huge losses. we have 14 established venues that have already seen a halt in the revenue growth.
The only growth is they went from 8 venues to 30 so of course there revenue increased DUH.
WOW....
janeyH
they will go to 0.04, R/S 1:100 and then be over .20 again
Well..... Thank you for asking....
I guess we can conveniently forget that this is a start-up growth company with less than 3 years of operating history showing triple digit growth.
We should stop analyzing Labor SMART as though it was an established company showing no growth and losses. We should also STOP pretending that the majority of the losses are monetary losses when in fact they are non-cash "paper" losses.
That being said, the things that look most promising for LTNC are as follows:
Triple digit growth since inception
Over $2 million in cash assets
114% growth from 14 to 30 branches in the last 12 months
Gross Profit Margins (GPM's) increasing from 15% to 23% over last 12 months
Positive EBITDA (Earnings before Interest, Taxes, Depreciation and Amortization
Labor SMART has already hit its 2013 revenues of $16 million in the first 8 months of this year.
With the stock at its 52 week low this situation is obviously undervalued and a great buy in this range.
JMHO
With the numbers that LTNC has been putting out, this company will trade well north of .20 cents.
Is that a fact?
cpw13154
lol all people need to do is compare this past august revenues with the August of last year and see how poorly things have gone for this company when you consider 16 places have been added in that time.
Priceless....
cpw13154
ALl a person has to do is read the endless list of loan after loan after loan with these huge interest rates to see that there is no,none,nada chance for this company ever to get out of this whole.
A perfect example of how when questions are asked and the truth is ignored....
cpw13154
August should have been a huge month for this company if in fact they were going to make a go of it. But in fact it was horrible. We can try and blame it on whatever we want but the truth is its not going to happen.
What happened? this company should have revenues of 5 to 6 million with the addition of 16 new places and the maturity of the other 14 but as we see its not much more now with 30 as it was with 14. Look at August and then last August figures and we see why this company is not going to make it.
WHOA!!!
cpw13154
He has been caught in many lies and we all know that. For instance to tell a stockholder tey were current on all there taxes and to be told yes when it comes out that was a lie is just one.
Funny how when anyone puts out the facts to back up how poorly this company has been run we see no response.
One thing that can't be denied....
When I make a statement it is based by verifiable facts, supported by case studies, documentation and industry related articles.
I am still waiting to see any type of verifiable documentation that would support the statements that are the polar opposite of my findings!
cpw13154
LOL because all the ones that once believed in this CEO and now know that he lied many times have sold and moved on.
So industry experts recommend that yo don't pay your taxes and get one step closer to the IRS putting padlocks on your doors. Really ???
Here are the facts....
cpw13154
Are you confusing taxes withheld and the match that the employee paid as both parts of the taxes this idiot decide to not pay
Funny, I don't see anyone else questioning the smart moves the CEO of Labor SMART is making.
"We" must include a mouse in the pocket.
I guess the majority rules on this one!!!
Absolutely hilarious on how we question his motives when the strategies he is utiizing are verifiably documented as the right thing to do by industry experts!
Guess their knowledge and credibilty doesn't compare either!!!
LMFAO!!!
That's right, let's reinvent the wheel from everything we were taught in business school....
cpw13154
I love it now he is trying to tell investors the reason that there was only a 2% increase in revenues is because he cut out those who weren't as profitable. Yeah right.
I think I may need new glasses....
I love reading this and then looking and seeing that Labor SMART actually closed up on the day.
cpw13154
Another day of selling off. I would think we will see .16 shortly and once .15 arrive it will be a free fall from there.
Let's face it, there is a monumental difference between using monies to pay bills in order to stay alive and using monies to fuel growth.
cpw13154
Had too use payroll tax money to even keep it going as the well had run dry.
Why is it that we are afraid to admit that as a start-up growth company Labor SMARt is doing a fantastic job? Anyone with a business degree, who knows how to do research and due diligence can plainly see this.
Once again I continuously read "half the real story".
cpw13154
Well as the last set of revenue figures showed that same store numbers were stagnant Really all this talk and there was a 2 % increase year to year. That's the huge increase? LOL
Let's face it, this well run start-up company is a diamond in disguise.
With triple digit growth, asset accumulation, revenue stream, exponential increases in their client base, the expansion of 30 branches within the last 22 months, increasing gross profit margins and a positive EBITDA, there is no question that this company has proven itself to be a dynamic aggressive growth company with a fantastic future ahead of them.
Don't take my word for it.... Do your own due diligence!!!
Is that a fact?
cpw13154
cash assets lol. its all spoken for in salary. there is no assets, none, niltch, nada.
and I love how we try and make it sound like this thing has been going on for years .
LOL really. paper losses lol.
So bad that he couldn't pay his payroll taxes.
Sorry, but cash assets are the strongest assets that a company can have. Every year we see LTNC's client base, margins and assets increase. That is indicative of a positive trend and business model that is working for the company.
Like I stated, but continues to be ignored, if Labor SMART were to currently be privately held and stop their growth they would be showing positive net income.
Additionally, it is no secret to anyone that has done an ounce of due diligence into this industry, the labor industry is a high revenue, low margin business. The only way to make serious money is to accumulate enough critical mass in order to generate significant revenues that will equate to a net income that matters.
A consistent pattern of not doing any due diligence is probably why I see mistakes like the recommendation of scam stocks like AppTechCorp in the past. I seriously have to question what kind business acumen went into that recommendation. Yet, I am expected to give an ounce of credibility to statements made about Labor SMART today that didn't know better then?
I don't think so!
Hmmm.... Here is a very good explanation:
cpw13154
LOL. How is the revenue stream that much different than it was when he couldn't pay them before.
Again who cares about revenue if the cost of the revenues far exceeds the revenue. Millions lost every quarter so of course that payment is a big deal
Actually, that rule doesn't apply to start-up company's.
However, I do agree that back in early 2013, when Labor SMART only had a little over a year's worth of operations, they probably were overvalued when trading at .80 cents a share. But, that was a long time ago and does not apply today.
This is because we have seen LTNC grow at a substantial pace since then. Virtually every facet of their operations from client base, branch locations, employees, revenue stream and asset accumulation has grown by triple digits.
So whereas the company may have been overvalued at .80 cents a year and a half ago, they have shown strong consistency in their growth pattern and should be considered way undervalued today at .18 cents a share.
The revenue stream coming into Labor SMART far surpasses their monthly tax payment obligations. Additionally, it's common knowledge that when an individual or corporation enters into a settlement or agreement with the IRS, one of the contingencies is that you must stay compliant and are current with all tax obligations.
If anything, that should give us shareholders in LTNC an element of confidence and security in knowing that the company will be compliant and stay current now and in the future.
Personally, if I lacked the ability to tell the difference between a real company like Labor SMART who has real assets, real growth, management with proven track records, physical locations, etc. and a pure scam operation like AppTechCorp, I think anything I said should be subject to serious doubt and credibility!
Thank goodness my education and business experience would never allow something like that to happen to me.
Payroll tax issue is dead and a non-event.
I don't need to see this constant dribble about something that plays zero relevance to the future success of this company.
We all know that the company is current on all their tax obligations and under their Agreement with the IRS they can never be late again.
These are the facts!
Are we really suppose to buy into that load of CRAP?
The real general consensus is that Labor SMART's CEO is actually doing a great job.
If we had bothered to participate in the 2nd quarter earnings conference we would know that!
Now that's COMMON SENSE!
I'm sorry, but once again I see the use of this word "we". Who exactly is "we"?
I know I keep asking this question and somehow the question continues to be avoided. I wonder why???
Since when are facts about basic business common sense and Labor SMART considered "a load of crap"?
Oh yes, when "we" are told so!
There is OBVIOUSLY a complete lack of comprehension in understanding the basic business concept of weeding out high risk/ low margin business for lower risk/ higher margin business.
From LTNC's press release:
Among the 14 branches open one year or more at August 29, 2014 revenue was up two percent, affected by the culling of low margin and high risk business in July that represented a year-over-year reduction of $375,968 during the month of August.
"In August we continued to transition Labor SMART into a stronger company as a result of our becoming substantially self-insured in 14 states. Our revenue growth continues, as well as very aggressive year-over-year gross margin improvements of more than 500 basis points for the month of August."
Again, I DO NOT understand the context of the word "we"
I specifically asked for a definition once before and was ignored.
Hmm... Wonder why?
As an individual who consults various businesses and paid their dues by receiving an MBA in International Business, I know that no one could possibly be inferring or implying the word "we" at myself.
I also know that the measurement for the successful matrix of a company's operations IS NOT taken by either focusing, or solely factoring, unestablished branches that have not fully developed a customer base or reached maturity.
A better and more consistent measure can be utilized by taking a careful evaluation of branches that have already established a diversified customer base once they have matured. This also allows the company to see what is expected of additional branches and what can be expected once all branches have reached maturity.
This is also an effective way to evaluate the effectiveness of the company's business model and managements ability to meet and exceed their objectives.
Of course, there are many other factors that should be taken into consideration when making a more detailed evaluation of a company but let's face it.... Labor SMART is a speculative aggressive growth company trading at .18 cents on the OTC.
I really don't need to do that much due diligence to figure out that LTNC is worth my speculating dollars at these current levels.
Hmmm.... I actually think the CEO has a clue and has it right.
cpw13154
You know what maybe I have it all wrong maybe he has no idea that the only reason for increases is because he has twice the places to draw from. LOL I bet that's it he has no clue.
I'm sorry but I do not understand the word "we" in the context it is being used in since I do believe that LTNC is a worthwhile investment.
Maybe I can be given a clear explanation by what is meant when the word WE is being used?
Interesting comparison...
cpw15134
First of all if we read the PR the CEO clearly states he is comparing the revenue of 14 venues which leaves 16
Lets tell everyone why we have the increase in revenue! One reason and one reason only we are comparing revenues figures from 15 venues to 30! Do we think maybe just maybe that might be the factor in the increase in revenues.
Haha... No skin in the game?
Ryan Schadel owns over 16 million shares of stock in this company and is the single largest shareholder in Labor SMART. He has plenty of "skin" in this game and has every reason to succeed!
Anyone that considers this company a "turd" should move on to another positive and more worthwhile investment.
JMHO
Amazing to see these types of contradictions made within a couple of hours of one another...
cpw13154
Are we really suppose to overlook the real problems of this company? Lets tell everyone why we have the increase in revenue! One reason and one reason only we are comparing revenues figures from 15 venues to 30! Do we think maybe just maybe that might be the factor in the increase in revenues.
LOL and if those figures are correct than we are looking at 15 venues doing nothing. ANd I see why we had to post the revenue figures. 2% increase.
Terrible comparison.....
WOW! really so I guess if I open a car dealership and I sell enough to have a million dollars in sales it doesn't matter that my costs to sell those million dollars was 1.5 million doesn't matter. Lets just worry about gross profit.
Ridiculous....
WOW! really so I guess if I open a car dealership and I sell enough to have a million dollars in sales it doesn't matter that my costs to sell those million dollars was 1.5 million doesn't matter. Lets just worry about gross profit.
Oh I really love the gross profit hype. How about the bottom line?