GREY:LGLTF - Post by User
Post by
BigPapaStockon Jun 09, 2015 10:56pm
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Post# 23814081
What happened today???
What happened today???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.