Replies to post #19354 on Labor Smart Inc (LTNC)

[sobe4life]

WRONG CPW13154

cpw13154

lol I can open up a new car dealership today and in a month have 5 million in revenue. But if it costs me 6 million to achieve those sales what good id that. So I decide well lets open another one and this one does 10 million. Wow I have 15 million in revenues but does it matter that it cost me 18 million to achieve those numbers? Like LTNC I can say my revenues were record numbers we increased revenues by 10 million.

The above scenerio has ZERO comparability to Labor SMART for the following reasons:

Besides having record revenues they also have the following.....

LTNC has improving gross profit margins (15% to 25%)

LTNC's losses are from non-cash write-offs not actual monetary losses

LTNC has positive EBITDA of $350,000

LTNC has increasing accounts receivables (now at $4 million)

LTNC has $3 million plus in assets

You see, "failing" companies do not show improvements in the balance sheets quarter after quarter the way LTNC has been able to demonstrate over the last 3 years.