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KGIC Inc LGLTF

"KGIC Inc is an educational organization based in Canada. The company owns and operates private English as a second language school, career colleges and community colleges in Toronto, Vancouver, and Victoria."


GREY:LGLTF - Post by User

Post by Backwardbladeon Oct 16, 2014 1:46pm
277 Views
Post# 23034678

OK....

OK....It's a nice quick read.  Makes me feel better.  I actually averaged down a bit a couple days ago, so don't think I'm pissing on the stock.  I actually like the idea. Especially in this market.  BUT I would like to know where they derive that magnificent number of 115 million rev for 2015?  How much debt?  If it's alot of debt in the face of a possible interest rate hike environment this could prove worse than dilution.   If they use a debenture vehicle, what would be the terms?  If convertable, at what price?

o offence, but I hate when people throw the word debt out there like halloween candy.  

I have ridden this stock comfortably from .50 upwards and downwards.  I missed the sell, cause I was at work.  But, I'm comfortable with it based on the story.  It's going to take alot more time than what people think though.  It's a niche market which nobody else is doing.  And in this questionable market, those with cash win.  

There are good REIT like qualities to the student housing market.  Nothing says it all has to be dorm like.  Value added services like basic food stuffs, corner store type confectionaries, transportation initiatives, washer/dryer etc...are all nickel and dime type options that can add alot to the overall cashflow.  Not to mention actually arranging for their flights. 

Granted we are not the best, but some of the aquisitions, while quesionable, do add to cash flow.  Maybe a matter of what they could get at the time, without to much dilution, and too much debt.  

I just don't like it when people try to dress  up the story when we are just going for a walk.  As long as they don't try to get to big for what the market can handle, over the next 2 years this could double from here...or 50% annualized.  Enough to sell 1/2 and ride the rest. Please don't try to drive up this stock without the metrics to support it.  It will get there on it's own.

And I don't subscribe to PRO so if there was more there to answer my questions....my bad LOL!

GLTA












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