Labor Smart Inc (LTNC)

[sobe4life]

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."

Either common sense or a proper education is all that is needed to understand how this company is transitioning into a growth company with foreseeable net income.

I guess it isn't good enough that the company is already at its previous 2013 revenues with another 4 months to go. But then again, nothing seems to be good enough for a very select few.