Labor Smart Inc (LTNC)

[sobe4life]

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.

It's not like this issue has been brought up 3, 4, 5 times a day.

I already know that out of the 30 total branches only 14 are matured and 16 have only been operating for a few months. If these facts have already been identified I can't comprehend why it comes up so many times a day as though this matter hasn't already been clarified. So, NO... LTNC doesn't have twice as many matured branchs to draw from and that is not (as a whole) why they are curently producing record revenues.

Additionally, I find that the press releases LTNC puts out are informative, concise and detailed within its subject matter. Unlike alot of fluff PR's I see from other OTC companies, this company only seems to put out relevent news with substance.

As far as the CEO himself...

Is he perfect?

Absolutely not, nor should anyone expect him to be. Perfection with a start-up growth company simply does not exist. It is always so much easier to sit back and "arm chair" quarterback how a play should be called as opposed to being in the trenches actually getting the job done.

The qualities that I look for in a CEO are the following:

Does he have a sound business model?

Does he meet and/or exceed his projections?

Does he surround himself with dynamic and capable management?

Does he learn from his mistakes?

Does he possess the ability to take failures and turn them into positives?

Based on these qualities I would say that Labor SMART's CEO is passing with flying colors.

Anyone who thinks that the CEO is doing a poor job should have taken 40 minutes out of their day and spoke-up during the Q&A section of LTNC's earning call.

Funny how not a single person had a negative thing to say when given the opportunity. But then again, it is always easier to object when there is no one on the other end to answer.