Labor Smart Inc (LTNC)

[GrowthStocks99]

nit2win, Actually they show a loss because they don't take in enough to pay their bills. Their gross profit doesn't even pay for payroll and general and adminstrative fees. Look at the income statement and you will see the operating costs are more than they take in. It is not reinvestment it is operating expenses.

You keep mentioning they retired debt. Yes with new and larger debt. So in that sense I guess if you want to call them a rollup you might call them a debt rollup.


nit2win wrote:
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THEY ONLY SHOW A LOSS BECAUSE THEY TAKE EVERY PENNY OF THEIR GROSS MARGINS AND REINVEST IT BACK INTO THE COMPANY LIKE EVERY GOOD GROWTH COMPANY SHOULD DO.

I guess we might have a point if this company was showing little to no growth. But when you are showing operational expansion into the triple digits THAT COST'S $$$$$.

Implying that their operations are running at a deficit without laying out the whole picture and talking about the substantial growth they have shown in 2013 is slight of hand, to say the least.

Once again, we also leave out the fact that they retired almost $700,000 of debt as well.
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