Wednesday, January 03, 2018 11:40:40 AM
It’s easy to forget all of the advances made in the last year. All the planning off, and subsequent actions to the S&L business model have taken place in just 1 year. This year has produced several new revenue streams within S&L, one HUGE store (which is to be the flagship) and he selling of 2 franchises.
Consider that all of these accomplishments, which are huge in themselves, are basically the foundation of what is to follow. One of the biggest hurdles that Roger faced in order to open new locations, was the revenue streams. Their existing 2 locations did not make enough money in themselves to continue building upon them. Management fixed this, and going forward, they will have a much easier time financing their business.
.. “And for people counting on the audit to send this stock to the moon , don't get your hopes up . Everyone here said the flag ship would move this, it didn’t”
Consider that while the Flagship store did open, its impact has not been seen yet, and probably won’t be seen until next quarter. What may be telling is that the Net profit of this quarter could possibly be higher than previous ones because Midtown is finally making money, and is no longer the black hole that it used to be.
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