Labor Smart Inc (LTNC)

[GrowthStocks99]

Permabears tend to get slaughtered. Permabulls at least have the luxury of time to get them out of most bad trades. I find it best to be somewhere in between.

I have been both negative and positive on this stock. Currently I am cautiously optimistic. I have traded this stock on a market cap basis. Originally bought over a year ago when it was under a 5 million market cap. Sold my position on the run to 50 cents. I didn't think the company was worth 11 million cap.

At 27.2 million OS it is at 5 million cap at 18 cents. If the CEO has to dilute to 50 million OS then 10 cents would be my buy price. I am building a new position at prices up to 18. May be able to buy more, maybe not.

I think it will go lower but I could be wrong. So I am buying some now.

I like this CEO. He is driven but a little too ambitious. I think he will have to slow down and digest the current growth. He may need to dilute to realize his dream. The argument surrounding his taking his money out of the company has little merit. He has his heart and soul invested in this company. The seed capital he loaned did its job and he should have pulled it out. I can imagine he has many 2:00 AM sleepless nights working on issues that need fixing. He is focused and I think he will be successful.

Hey, the competitor, TrueBlue TBI, started out as a hamburger joint then turned to temporary labor. This CEO at least isn't trying to sell hamburgers.