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Labor Smart, Inc. Message Board

  • wyattkap wyattkap Jul 29, 2013 6:59 PM Flag

    $455,000 per open store value-getting near the top

    Full Price???? I'd like to see them open more stores as the markets look great

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    • I think we should expect about 20 new stores in the next 12 months based on previous guidance. Id be cautious about valuations on either end of the spectrum. I think $455k is full value IF they are not going to expand more. However, if they are going to continue to grow at 150-200% a year I think the valuation should be around .8-1x forward twelve month revenue, at least until they switch from growth mode to capital appreciation mode and then for me at least, the value is maxed at that point. All IMO of course.

      Sentiment: Strong Buy