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Oh, I think people are laughing alright. But they are laughing at people who pretend to know the difference between a well run aggressive growth company and a company that is "in trouble."
Anyone who ACTUALLY knows how to read a financial statement can plainly see that LTNC is far from being in trouble.
Additionally, there is no lien from the IRS that amounts to $1.7 million dollars. This issue has been discussed many times and although no one seems to want to pony up any evidence of this alleged $1.7 million amount the misinformation continues.
Very concerning!
In case we forgot how well LTNC is doing:
-2011: $165,000 revenues (audited)
-2012: $7,100,000 revenues (audited)
-2013: $16,100,000 revenues (audited)
- Revenue for the nine months ended September 26, 2014 increased 52% to $18.1 million as compared to $11.9 million for the nine months ended September 30, 2013.
-2014: $25,000,000 revenues (PROJECTED) with the company showing $4 million in A/R, $1.5 million cash (PROJECTED) and positive EBITDA
-Growth from 2 to 30 branches in just three years
As of 11 November 2014:
-Increased gross profit margins from 15% to 25% over the last 12 months
-Revenues up 28% to $6.8 million vs. $5.3 million a year ago
- Same branch revenue up 12.5% year-over-year
- Gross profit margins improve to 25% vs. 17% a year ago
- Added 315 new customers
- EBITDA of $121,577
- Adjusted EBITDA of $344,731
Outstanding shares as of November 4, 2014: 55.5 million.
Are we kidding ourselves?????
Show me a dependable company that has a P/E multiple and I'll show you a company that is trading on a larger exchange.
Possibly we are confused and that is why we hold this aggressive growth company with only 3 years of operations to such a ridiculously high standard.
Also, there is no decline in EBITDA since this company had negative EBITDA last year and are positive this year. Oh, I get it, regardless of what they end up with we should always revert to anything that will equate into a negative.
How is LTNC's EBITDA down 75% when they are showing $350,000 EBITDA in the first nine months and were negative last year??? When we are told so! Hahaha....
With the current revenue stream, cash on hand, assets, improving gross profit margins and positive EBITDA are we really trying to say this stock is not a buy at these current levels???
Give me a break!
HOW ABOUT THIS.....
ABSOLUTELY RIDICULOUS!!!! DD2Gain YOU ARE WRONG!!!
THERE IS ZERO COMPARISON BETWEEN A POORLY RUN COMPANY LIKE SLNN AND HOW LTNC IS BEING RUN.
NOT ONLY A VERY POOR COMPARISON BUT LET'S MAKE SOMETHING PERFECTLY CLEAR...
WHEN WE ARE SPEAKING OF LAWSUITS WE ARE SPEAKING ABOUT SLNN NOT LTNC.
INCREDIBLE THE SLIGHT OF HAND GAMES I SEE!!!
AS FOR THE UNSECURED BANK LOAN....
WHEN YOU HAVE A NAME AND REPUTATION LIKE STEVE SALEEN AND HE GOES TO HIS BANK LETTING THEM KNOW HE IS TAKING BACK HIS COMPANY YOU CAN GET SPECIAL CONSIDERATION.
MR. SCHADEL DOESN'T ENJOY THAT LUXURY!
DD2Gain YOU ARE WRONG!
GREAT POINT....
Not only is Saleen trading at a double of where Labor SMART is, but they have more than 3 times the shares outstanding. As a matter of fact, Saleen has more shares in the float than what LTNC has outstanding all together!
It doesn't take a rocket scientist to see that LTNC is way undervalued under current market conditions based on their continued growth and financials.
*****CPW13154 YOU ARE WRONG*****
We are better off sticking to the facts as opposed to fabricating numbers....
Labor SMART DOES NOT owe the IRS $1.7 million dollars. Any statement to the contrary cannot be supported with verifiable documentation or facts.
We can say it a million more times and it will never be true.
As for the IRS problem being resolved, it is well documented that they have an Agreement in place and have been paying all taxes owed and due on a timely basis. It is also a fact that they are now current with all their tax obligations.
To say that their IRS problem has not been resolved should be considered a blatant misrepresentation of the facts. PERIOD!
Hahaha.... That's a good one!
How about this.....
ME WRONG? NOT YET!!!
CPW13154 YOU ARE WRONG!!!!
THE ONLY ONES WHO DON'T GRASP HOW THIS BUSINESS OPERATES ARE THOSE WHO LACK BASIC BUSINESS COMMON SENSE!
Hahahaha.... IS THAT A FACT???
Sorry but if you can't prove me wrong then don't expect for misinformation and misleading statements to ever help prove a point.
******DD2Gain YOU ARE WRONG******
The year over year same store comparisons show a 25% increase NOT a decrease. The same store comparisons show the increases in the branches that have been opened for at least a year and DOES NOT take into consideration all the new branches that have been opened for less than a year and have not yet matured.
Again, if we want to take the new branches added in 2014 and throw them in the equation, we should also know that 15 of the company's 30 branches are new branches with an overwhelming majority being opened organically as a start-up in 2014.
Grasping at straws will not prove the facts.
2011 - $165,000 revenues
2012 - $7,100,000 revenues
2013 - $16,100,000 revenues
2014 - $25,000,000 projected revenues
*****CPW13154 YOU ARE WRONG*****
Bankruptcy? REALLY?????????
When I look at Labor SMART's operation I see a company who has consistently shown triple digit growth since its inception in 2011.
Additionally, the company has achieved the following:
*Growth from 2 to 30 branches in three short years
*Consistent string of year over year same store record revenues.
*Projected $25 million in revenues for 2014 and $40 million in same store operations without any additional growth
*Increased gross profit margins from 15% to 25% over the last 12 months
*Positive EBITDA (Earnings Before Interest, Tax, Depreciation and Amortization)
*Approximately $4 million in quality accounts receivables
*Approximately $1.5 million cash
HAHAHA...... Bankruptcy???
YOU CAN SAY I'M WRONG 1000 TIMES BUT THE FACTS DON'T LIE!!!
CPW13154 YOU ARE WRONG!!!!!!!!!!!!!!!!!!!!
I have proven the contradiction very clearly!
The point is the statement made that part of the 17 branches that "allegedly only did $400,000 in revenues were opened last year" is obviously incorrect and a pure contradiction to follow up statements made where we continue to talk about the new 17 branches.
We all know that the 17 branches are all a part of branches opened this year!
I personally find any statement to the contrary to be highly misleading and inaccurate.
Sorry the newer branches aren't doing as much as the already established mature branches.
We might want to take a look at the year over year same store comparisons in order to establish the real growth of the company!
INTERESTING COMPARISON......
FIRST WE SAY.....
UNREALISTIC EXPECTATIONS.....
CPW13154 YOU ARE WROOOONG!!!
IS THAT A FACT????
NEWS FLASH....
If we do not want to invest in companies that do convertible note financing's then DO NOT invest in the OTC market.
You WILL NOT see a single OTC company raise capital any other way. There are no other options available.
Labor SMART should be a great example of how even a good looking company with revenues can't get conventional financing while it trades on the OTC.
***CPW13154 YOU ARE WRONG!***
The question was....
Why are we stating that LTNC has "added 850 million shares" when this statement is apparently inaccurate considering that the company only has 55 million shares outstanding?
Seems like more circumvention of the truth in this matter.
WE WANT TO SEE!!!
cpw13154
***CPW13154 YOU ARE WROOOONG!!!***
CPW13154 YOU ARE WRONG!!!
By the way....
Thank you for circumventing my request to prove that LTNC owes $1.6 million to the IRS.
I think it is quite obvious how we are playing the blame game here.
The only thing that is laughable is looking at the LTNC financials and stating they are on the brink of bankruptcy.
As I have stated many times before, nothing can replace a good quality education. At least with that, we can learn how to actually read a financial statement!
I'm the one who is laughing!
Seriously, is this the best we can do to circumvent the fact that we do not know the difference between actual monetary losses, paper losses and debt?
Hahaha.... Great job!
UNLESS IT CAN BE PROVEN CPW13154 YOU ARE WRONG!!!
*****CPW13154 YOU ARE WRONG******
It's not as though this subject hasn't been addressed a million times by now. So we should really wonder what the intent is when we go out of our way to purposely disseminate information that we know is wrong.
The millions in losses are not monetary losses, they are paper losses and interest write-off expenses. Really, all we have to do is read their financials filings in order to see this. Also, proof positive, if this company were actually losing "millions of actual dollars" then they would not be EBITDA (Earnings before Interest, Taxes and Amortization) positive!
There is no tax lien for $1.6 million dollars. This is a completely fabricated amount that cannot be proven with substantiated facts. The company has an Agreement in place with the IRS to repay the one quarter they were behind in payroll taxes. The lien was part of the Agreement, does not take a first position and amounts to the quarter they were behind which is substantially less than this fictitious $1.6 million dollar amount.
A good quality education and the truth can go a long way!
***CPW13154 YOU ARE WRONG!!!***
I see your explanation. Now I would like to know your background and expertise in giving us this grand explanation that doesn't make sense for an aggressive growth company.
If a stock price is down yet the operations are doing well then that's called a buying opportunity! DUH!
Is that a fact???