Labor Smart Inc (LTNC)

[sobe4life]

DD2Gain YOU ARE WRONG!!!

First of all, Labor SMART is EXACTLY like TBI, they have similar business models and very similar growth rates.

DD2Gain

LaborSMART's first fully reporting year was 2012 with 7 offices at $7.175 million revenue. There are now 32 branches and the outlook is $25 million.

This statement is inaccurate since 16 of the 18 branches are new and have been operating for only a few months. A better view is LTNC's 2015 projection of $40 million for 30 branches without any additional growth. That takes into consideration all branches being matured and having established client bases.

Also, Labor Ready began trading in the OTC Market in 1995. That was a COMPLETELY different market back then. So there is no comparisons in regards to how their stock was trading OR the plethora of financings that were available then and are no longer available now. Additionally, in the 90's mutual funds and institutional investors were allowed to take positions in OTC companies. Broker/Dealers were allowed to make buy recommendations and solicit the purchase of OTC securities. All of these options are NO LONGER available to LTNC.

As a whole, the business model being applied by Labor SMART clones the very same model used by Labor Ready. With executive level management from Labor Ready at the helm of LTNC we should see less mistakes as they continue to grow.

As for growing by acquisition versus organic growth, there are far more opportunities for acquisitions today than back in the 90's. Mr. Schadel would be foolish to pass up the opportunity to purchase viable operating companies at 1.5 to 2x earnings as opposed to the risks involved with continued organic growth.