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BRIGHTPATH EARLY LEARNING INC V.BPE

"BrightPath Early Learning Inc is engaged in the operation, acquisition and development of community based early learning and care centres across Canada."


TSXV:BPE - Post by User

Post by joiagbdon Jun 06, 2014 7:23am
240 Views
Post# 22636339

new development strategy

new development strategyFunny how the board has finally returned to the original business plan of the company (building new large centers in Alberta) which was put in place well before Jeff had the original founders (management) removed one by one during his take over of the management of this company. The original team had the best sites selected all around Calgary and Edmonton, but couldn't convince the board to buy them, instead the board decided in their infinite wisdom to buy small centers with no chance of achieving economies of scale. Now they are pointing at the two new ground up centers developed by the original management team as the future of the business (since they are super profitable), its just too bad that most of the original sites are no longer available. Well played Jeff. I also find it interesting to graph this stock since inception and to look at the spike in volume and closing price that occurs just prior to the close of each quarter. Coincidence?
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