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Non-Tech : Littlefield Corporation (LTFD)

LTFD 0.170

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Oct 31 9:30 AM EST

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To: Texas77 who wrote (10344)	4/29/2007 8:05:41 AM
From: WR61499	Read Replies (1) of 10368

Dave - Yes, the earnings are improving, but if you read the earnings report, there are some troubling items in there. First, they spent 75,000 dollars to try to get into Arkansas that didn't work out. Second, the company is starting to have to pay the costs of their court cases that they will be paying for many quarters to come. From the earnings report: "We are feeling for the first time the interest expense impact of the legal settlements we have made in the last few quarters as interest expense is up substantially to reflect these costs. This is a structural change and will continue for some time period." Third, their Premiere Tents & Events is not doing very well and needs to be looked at a little more closely. From the earnings report: "Premiere Tents & Events increased its revenue by 42% or almost $160,000 but increased its Q1 2007 operating loss by $13,000 or 9%. This development will require some very serious investigation." I have not had a chance to listen to the conference call, so maybe this was discussed, but even though the earnings are good, they actually could have been a lot better.

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