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LOY - Loyalist Group


jm25

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Has anyone taken a look at this company? Reported great Q3 Results today. Listed on the TSXV.

 

Owns and operates private ESL (English as a Second Language) schools in Toronto and Vancouver.

 

They have made some good acquisitions recently which should drive earnings going forward.

 

May seem expensive if you look at trailing earnings, but going forward they are poised for strong free cash flow growth.

 

~$50 million market cap. In the middle of closing a convertible debenture offering, otherwise little to no debt. A/R is related to government and is short term.

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Guest 50centdollars

I own some shares. Good growth I think. Its not a major position for me. I think Andrew Ryu is a good CEO and Schulich is a major stockholder. Earnings were impressive today. They had many one time costs in the quarter. Earnings were actually about $500K more.

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  • 5 months later...

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