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Non-Tech : Labor Ready (LRW) -- Ignore unavailable to you. Want to Upgrade?

To: Anaxagoras who wrote (91)	5/11/1999 2:43:00 AM
From: incomep	Read Replies (1) \| Respond to of 379

Dear Anaxagoras: Glad that you are studying its newly filed 10K too. The additional resources would come from Mr. Peterson, Mr. Sambataro, and Mr Welstads': Sell high and buy low later. So why are not we kind enough to help these folks to sell some too? Also, the Record First Quarter resulted $24.2 million positive cash flow from operations while opened 166 money losing new stores. LRW required customers to deposit money in advance, the company might be counting all customers' money as its own. We shall see from the 10Q filing.

To: Anaxagoras who wrote (91)	5/11/1999 3:36:00 AM
From: Khris Vogel	Respond to of 379

I was just starting to wade through this company's 10-K after having read through the hype-ish PR release on their earnings. One thing of interest I came upon was the fact that the Company has, supposedly, historically experienced significant negative cash flow from operations and investment activities resulting from the rapid growth in dispatch offices. In fact...<<The Company expects to require additional sources of capital in order to continue to grow especially during seasonal peaks in revenue experienced in the third and fourth quarter of the year.>> I was wondering if anyone had any insight into what these additional sources might be? Anaxagoras, the "additional sources" wording has appeared in the last couple 10-K's at least. If nothing else, it's pure contingency boiler plate. The co. now has a sufficient installed base of stores up and running that it will not need to seek additional financing, debt or equity. Any funding of its receivables through the early part of its busy season will be accomplished through the co.'s line of credit w/ U.S. Bank. This critical mass of stores I allude to in the preceding paragraph is what has allowed the co. to announce that they will be stepping up its rate of store openings next year, w/ an announced plan for 300 new stores to be opened in the first half of 2000. As far as the hype-ish crack you made at the beginning of your post - please.