Labor Smart Inc (LTNC)

[GrowthStocks99]

TBI paid around $400,000 per branch and on site location in their aquisition of MDT Personnel. 12 million in cash and 36 million in a note payable and assumed debt. TBI expects 200 million in revenue in the first full year of operation of MDT.

MDT had 105 branches and 15 on-site locations. Not sure what level of growth MDT was experiencing.

If LTNC can grow to the size of MDT Personnel maybe LTNC will be worth 48 million using the MDT aquisition as a bechmark. But at 14 branches currently it would appear the stock is fairly valued at around 5 to 7 million in market cap. Hopefully the CEO can grow LTNC to the size of MDT Personnel. That might mean a stock price of 2.00 to 2.50. We will see.