Labor Smart Inc (LTNC)

[sobe4life]

You are wrong.........

*Gross profit margins have increased by 8% going from 15% to 23% so far in 2014.
Yu-huh. That's because of becoming self-insured. Wait until the medical claims roll in that there is no money to pay without convertible financing.


This is impossible because the company increased its gross profit margins (GPM's) BEFORE they became self-insured.

Let me R-E-P-E-A-T

Labor SMART increased their GPM's BEFORE they became self-insured.

This means that there is zero correlation between the LTNC's increasing GPM's and their becoming self-insured. However, we should see some exciting benefits on the income side from the monies now saved with becoming self-insured.