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Bullboard - Stock Discussion Forum 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 Discussion

KGIC Inc > Will one or two Q's be enough to turn things around and get
View:
Post by 60606060 on Jun 09, 2015 1:36pm

Will one or two Q's be enough to turn things around and get

cash flow and profits coming again?
Comment by nnneilio on Jun 09, 2015 2:04pm
I want to say yes but look at the Q1 results. 6M loss on 12.4M sales and thats without taking any impairment on goodwill in this quarter. They claim to have closed some of the "smaller, less profitable schools" which is why revenue is down, but teacher costs, occupancy costs, Salary & Benefits, office and general costs all went up considerably. There's also 12M goodwill still ...more  
KGIC Inc
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