Wednesday, October 08, 2014 7:40:18 PM
Labor SMART:
*Company has gone from 14 to 32 branches in 2014
*Company has surpassed 2013 revenues of $16 million by showing $18 million as of September 26th with 3 months left in the year and a projection of $25 million for 2014.
*Company has bolstered its corporate infrastructure with additional proven management in 2014.
*Gross profit margins have increased by 8% going from 15% to 23% so far in 2014.
*Company is now showing positive EBITDA.
*Losses as a percentage of revenues are declining.
*Company continues to accumulate over $2 million in assets. The majority of which are cash from receivables.
*Company has ponied up the money and is now self-insured which will bring about $350,000 to the company's bottom line.
Additional factoid:
We know that the only reason that the stock has suffered a sharp decline is because of an error in judgment by allowing two separate note holders to convert out of their notes. This temporary infusion of shares into the marketplace is responsible for the short term downward sell pressure the company has been experiencing.
Because everything I have mentioned is based on verifiable facts it is QUITE EASY to see that the decline in stock price has NOTHING to do with the company's operations. DUH!
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