Labor Smart Inc (LTNC)

[GrowthStocks99]

Is LTNC currently overvalued? At .48 cents with 22 million shares its market cap is 10.56 million dollars.

Look at True Blue's recent acquisitions:

MDT Personnel, third-largest general labor staffing firm in the U.S. with 105 branch locations was purchased for 48 million (12 million cash and 36 million in assumed debt)

48,000,000 / 105 stores = $457,000 per store

LTNC - 19 stores x $457,000 = 8.7 million

The Work Connection with 37 branches and expected 2014 revenue of 90 million was purchased for around 20 million cash.

20,000,000 / 90,000,000 = .222 times expected revenue

LTNC - 2014 estimated revenue around 30 million? x .222 = 6.7 million