KGIC Inc LGLTF

What happened today???

[BigPapaStock]

I've never experienced a crash like this in my life.  It was just a weird day all-round.  I'm still in shock given my DD on financials over last 2 years.  They were growing on all fronts.  I think what Fabrice is trying to say is that this is short-term pain but there's a good chance of long-term gain.  This is a company that has grown significantly over the past few years and has been profitable in many successive quarters.  Let's not forget Revenues are up from $13.6 million in 2012 to over $60 million in 2014.  To me, a goodwill write-down really doesn't matter.  It all comes down to how much revenue can the acquisitions generate, and how profitable can they be.  I'm still a believer in the business model as I know there's huge demand for ESL schools and post secondary studies for foreigners.  The housing piece is also a great idea and seems to provide another great source of revenue if properly executed.  I think this is a minor hiccup that will be rectified and LOY will get back on track.  It's extremely high risk, but could pay-out nicely if my predictions are correct.  I'm adding here.   Cautiously optimistic.

[schoolboy]

Although there is a huge demand for ESL schools, there is a much greater supply. Trust me; I own a very good school and we struggle to make ends meet. English language schools in Canada are in an extremely competitive environment. There are 200 ESL schools in downtown Vancouver. Only the best will survive and everyone in the field knows that LOY schools are all the worst. Now, everyone knows that

[BigPapaStock]

It's more about exposure.  No one knows about your mom and pop ESL shop you've got going on.  LOY have been making the right acquisitions to gain access to various markets.  Revenues have shown huge growth as a result.  It's just about getting expenses under control which they did really well for a number of quarters.  Based off comments from new CEO, it makes

[trac3]

Very useful information for potential investors Schoolboy. Also know that other schools in other cities find it very difficult to achieve full enrolment at times. Lots of choices to be had for ESL these days in more than one country as well Best of luck with yours

[snootchybootchy]

I agree with everything here except that it was a minor hiccup.  This was a major debacle but the selling was overdone.  But I like the cut of the new management's jib and I believe the CEO can repair the cost side of the ledger.  I have doubts we will ever get back to the 52-week high of 60 cents but a good return can still be had from here. I think mid-20s (50% return) in