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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
EVERYTHING looks promising! ESPECIALLY at these levels....
cpw13154
WOW....
janeyH
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
Priceless....
cpw13154
A perfect example of how when questions are asked and the truth is ignored....
cpw13154
WHOA!!!
cpw13154
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
Here are the facts....
cpw13154
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 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
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
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
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
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
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:
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
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
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
Terrible comparison.....
Ridiculous....