GREY:LGLTF - Post by User
Post by
BigPapaStockon Feb 23, 2015 3:56am
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Post# 23453838
Great Paragraph
Great ParagraphIn addition to the typical mom-and-pop school, Loyalist has identified five to six independent operators with annual revenue in excess of $10M, which if acquired would certainly propel Loyalist's growth prospects and timeframe. The King George International College (KGIC)/KGIC Business College (KGIBC) acquisition in September was by far the Company's largest to date. "This acquisition almost doubles our revenue and EBITDA," commented Loyalist CEO Andrew Ryu. "It also offers organic growth as it allows us to attract significantly more student business from Asia and strengthens the Loyalist brand as a dominant ESL player in Canada." More of these large educational institutions may be acquired over time in order to reach management's stated 5-year goal of achieving $200M+ in revenue.
LOY is well on it's way to reach that 200M+ in revenue.
Source:
https://seekingalpha.com/instablog/19040961-e-vestorsgroup/2447311-loyalist-group-limited-an-undervalued-profitable-small-cap-canadian-education-play