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KGIC Inc LGLTF

Consumer Defensive Education & Training Services
"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

KGIC Inc > Internalaudit68- You said everything that I believe too.
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Comment by TheRock07on Jun 18, 2015 5:53am
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Post# 23842788

RE:RE:RE:RE:Internalaudit68- You said everything that I believe too.

RE:RE:RE:RE:Internalaudit68- You said everything that I believe too.You are correct in that the negative working capital is a temporary quirk of accounting.
It will right side up this quarter.

Less than a year ago, normal gross margins were above 40%.
Planned cost compression measures and prudent optimization of operations should be able to boost 
Gross margins to the 50% level.

Given bloated costs during the recent acquisition binge, cost pruning should be relatively simple.

The financing news might be as soon as today...
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