Replies to post #10 on Littlefield Corp (LTFD)

[gilead23]

abh3vt revs

From what I have seen it looks like Q2 is the best. That would make sense with wedding season being may/june Q3 is number 2 and by far Q1 is the worst.

Didn't get a chance to ask anything else. My email was already sent and I missed the call because I was in a meeting.

I very much want to hear what was said though.

[gilead23]

abhvt margins et al

First sorry no PM but I am a bit cheap. I don't mind doing things out in the open anyway. It benefits me to say positive things and as far as negatives when I am disappointed I say it like it is out in public.

re: a large seller. This was from the CC and he said something about a large shareholder having sold some shares.

It undoubtedly is not a holder who falls under sec rules. I don't have much reason to doubt that nugget because

1. I tend to think the CEO is honest
2. More important. It doesn't benefit him to tell people someone is dumping shares.

I looked at this comment as the one real negative from the CC.

As far as rev's you are right that the mix will be different and margins lower in Q2 however revenue should be substantially higher and hospitality traditionally has higher revenues and net profits in Q2.

So I think what will happen is you will see lower margins on higher revenues but the bottom line net pre extraordinary items should be better.

He mentioned on the CC that they had hired a couple people in hospitality in anticipation of improved business going forward. Those could be expenses in Q1 that won't have any benefit until Q2. In any case hospitality is the laggard I would like to see them get rid of it but at least for next quarter it should be making a much stronger contribution than this quarter.

I also like the more aggressive efforts they talked about to add new halls and the possible addition of gaming machines in texas. They also mentioned expanding to new states including Illinois and Florida

If they are currently reviewing 6 possible candidates for acquisition they could wind up growing their sites by 15-25% over the course of the year.

As always legal expenses are the wildcard. They seem to have been higher in March vs Jan/Feb and my guess is timing on these is lumpy.