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Re: OCMillionaire post# 32282

Tuesday, 06/30/2020 5:49:46 PM

Tuesday, June 30, 2020 5:49:46 PM

Post# of 49921
Looks like someone didn't do an in-depth look at TLSS' 10-Q. In Q4 of 2019, they had a net loss of 6.9 million, in Q1 of 2020 that net loss was cut in HALF to 3.4 million. You can call coronavirus for the reason their net loss dropped, but most states didn't start shutting down until the middle of March, so the effect coronavirus had on increasing their revenue is nowhere near that of Q2, or later quarter earnings reports this year. Not impressed yet? In 2018 97% of their revenue came from working with Amazon, in 2019 it was 99%, in this quarter it was 75%. They decreased their dependence on Amazon a quarter AND cut their net loss in half. How difficult do you think that is to accomplish not one but both of those things. As you probably know, Amazon is a horrible business to work with, no matter if you're shipping for them or if you work in one of their warehouses, and in the long-term moving away from Amazon and instead working with primarily UPS or FedEx, if we are that lucky, will be great for their business. John Mercadante founded Leisure Lines Inc., which later ended up becoming one of the six separate business entities that formed together to create Coach USA, and he increased their revenue from 100 million to a billion in the span of just three years, so trust me when I say that TLSS can't be in better hands. If you want to whine on this board then fine, but when they hit a dollar, and they will by this time next year, I'm going to be sipping champagne on a beach in the Bahamas with all of the other investors that didn't chicken out when they dropped to five cents because Amazon dropped them back in June.
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