LRCM .0035.Get's picked by stockprowler.com
I wonder how many fire works we will see.
stockprowler.com
Stockprowler’s pick this week...
LearnCom, Inc. (OTC: LRCM)
38 Discovery, Suite 250
Irvine, CA. 92618
Phone: 866-207-7412
Corporate Web Site: learncom.com
Shares Outstanding: 850 million
Insider Ownership: 75%
Market Capitalization: $ 3.4 million
Closing Price Friday 3/5/04: 0.4 cents
In our mail bag…Stockprowler continues to receive letters regarding our Watch List policy. We try to include in our Watch List, over the period of 4 weeks each month, all the likely candidates for the "big" profile report so readers have some insight as to what we are thinking about for the monthly report. Most of the time the actual pick of the month comes from the last Watch List prior to issuing the report. Some Stockprowler readers are quite astute and are able to narrow down the likely pick to one or two stocks. To be honest, we ourselves often don't know what our final choice will be until a few days before the report date.
Every now and then we get the urge to swing for the fence with our stock pick of the month. The last time we attempted to do this was with LBTT for our December 2003 report. We discovered LBTT when it was trading around $0.002 and had placed it in our Watch List the last week of November. We were all set to proclaim it our pick for the month of December, but as we were writing the report, the stock took off and we made the decision not to go with it based upon how far it had climbed and its relatively large number of outstanding shares. Incredibly, LBTT continued to run all the way up to 4 cents – a 20 bagger - before losing steam! Well, once again we’ve got that urge to go for the fence and have found a stock we believe can get the job done… and this time the stock has not taken off before we can get the report written and released to our readers. The stock is LRCM trading around $0.004 and the company is LearnCom, Inc. based in Irvine, CA.
LearnCom, Inc. is a leading provider of human resource, management and safety training courseware and consulting services to large and small businesses and organizations. LearnCom offers over 6,000 programs and courses, both proprietary and distributed, that encompass a wide array of management skills and business topics typically characterized as "soft skills." Its courseware and consulting services are available in a variety of formats including including film, videos, DVD, compact disc, e-learning, textbooks and workbooks, and internal customer workshops.
LearnCom, Inc. is a nationally recognized leader in providing workplace solutions through the use of further defined subject matter expertise and pioneering use of video-supported human resource training systems. The company is supported by a staff of product designers, consultants and nationally recognized experts who produce, publish and deliver over 100 of the most comprehensive package workshops for multiple delivery mechanisms in the areas of diversity, sexual harassment prevention and employment law. The programs provide knowledge about these critical issues, enhance awareness and develop the skill sets needed to apply the concepts in the everyday workplace. Learn Com has received over 50 awards for excellence including selection by Human Resource Executive Magazine in their annual Top Ten list.
In addition, LearnCom offers extensive safety training resources and consulting services to organizations determined to maintain a superior level of safe productivity in their workplaces.
LearnCom has a customer base of over 25,000 clients including 90% of the companies from the Fortune 1000 list… companies including IBM, General Dynamics, Prudential, Hertz, Bayer, Upjohn, Merrill Lynch, Ernst & Young, ReMax, Intel, and CSX.
On March 2, 2004 LearnCom, Inc. reported revenues of $4,007,912 for the year ending December 31, 2003. EBITDA was $263,580 before extraordinary items for the twelve months ended. Net income for the twelve months ended was $259,621 after extraordinary items. CEO Lloyd Singer stated, “2003 was a difficult year for LearnCom and other training content providers. Our revenues were down approximately 1/3 compared to 2002 forcing deep cutbacks in personnel as well as a change in our sales strategy… While sales remain sluggish in the first two months of 2004, we remain cautiously optimistic that the apparent turnaround in the economy will trickle down to the training budgets this year.
We expect to release our new and improved website at the end of March which will help our marketing efforts. Deals are under development for three new video/DVD titles by midyear. We are planning to expand our Des Moines sales efforts and recruit several direct salespeople.”
A recent survey of CEOs of the nations largest companies suggested economic activity continued to expand in January and February and hiring of new employees could start to pick up. Business Roundtable reported one third of the executives polled said they expect to increase hiring in the next 6 months. Hank McKinnell, Chairman of the Business Roundtable stated, “America’s CEOs believe that the U.S. economy is on course for continued steady improvement over the next 6 months.” As the economy begins to show signs of a rebound, LearnCom stands poised to capture a significant share of an estimated $62 billion training industry.
Insiders own 75% of the common shares of LRCM… usually a good indicator of how company management feels about the future success of the company. Also, due to the large number of shares held by insiders, the sub-penny share price, and the highly speculative nature of stocks trading on OTC Other (Pink Sheets) …Stockprowler expects trading in shares of LRCM could be heavy and extremely volatile. Be careful… never in vest more than you can afford to lose.
Stockprowler does not receive compensation from companies we profile or from third parties… we never have and never will. We use our own money when we buy stocks, and even though we usually take a position in a stock before we profile a company, our purchases are always small relative to the public float so that the chance of having an effect on a stock’s price when we buy or sell is usually negligible. Please read our full disclaimer.
Also, contrary to a commonly held belief, Stockprowler does not have access to insider information, nor do we want to, because trading on insider information is illegal! All information contained in our reports is available in the public record… and any written or verbal communication with company CEOs/ IR people strictly adheres to this rule. Readers are urged to read the company SEC filings and do their own due diligence before investing in this or any other stock.
Good Trading… Stockprowler |
