Remember how much fun it was (is) to play with LEGO® bricks when you were a kid and how expensive they have become today as compared to 30 years ago? Well the penny stock of Creative Learning Corporation (CLCN) has both the money to spend and the means by which kids today can play with the indestructible toys for all ages for a minimal fee. Banking profits, quarter after quarter, off the never ending concepts and hours of creativity that the bricks can produce, CLCN stock is setting new highs this summer on the heels of their 350th franchise opening and its only getting better.
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CLCN Stock Quote
Market Cap: 18.15M
Last: 1.55 ▲ +0.20 (+14.81%)
Dollar Volume: $82,098
Issued and Outstanding: 11,710,242
Officers and directors: 4,374,000 (37.7%)
14-Day Rel Strength: 86.99%
1st Resistance Point: 1.3833
2nd Resistance Point: 1.4167
1st Support Level: 1.2833
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Timing was everything for Michelle Cote, founder of Bricks 4 Kidz®, the highly-popular children’s education and enrichment program. Cote Cote developed the concept and, since early 2008, has been operating after-school classes, camps and birthday parties using LEGO® bricks – a phenomenal idea for a graduate of one of the best private colleges in the SouthEast, Flagler College.
Last week, Creative Learning Corp. announced the opening of their 350th franchise, a milestone that was not projected to be achieved until January of 2014. With kids in Hong Kong now able t visit the 2nd franchise opened on the island, the Company now has franchises in 40 states, the District of Columbia, Puerto Rico and 14 foreign countries.
With what would be expected to be a huge balance sheet and income statement, Creative Learning brings in the goods.
Revenues for the years ended September 30, 2012 and 2011 were $3,417,267 and $1,577,752, respectively. The 116% increase in revenues for fiscal 2012 produced net income of $604,810 versus a net loss of ($506,014) the fiscal year prior, a $1.11 million dollar turn around and the Company only had 2 Corporate Creativity Centers in Florida and 240 franchises in 38 states and 10 foreign countries as of December 15, 2012.
For the 3 and 6 months ended March 31, 2013, Creative Learning reported net revenues of $1,077,427 and $1,890,430, respectively, versus $802,227 and $1,377,685, respectively, for the same periods in fiscal 2012. Based on that growth and the rapid expansion the company franchising has been on, the company appears to be on course to top $4 million in revenues when their fiscal year ends in September.
Creative Learning primarily makes their money from their franchising fees. A franchisee pays a one-time, non-refundable franchise fee of $25,900 upon the execution of the franchise agreement and is required to pay the Company a royalty of 7% of the amount received from the operation of the franchise.
With their 350th franchise now in operation, 110 since December 15th, 2012, CLCN stock is still undervalued at its current level. The shares structure is quite similar to what one would expect to see of a Nasdaq listed or NYSE MKT (aka AMEX) type listed penny stock and traded as high as $1.65 during the 3 months ended June 30, 2011. With the news bursting the gates of attention open and investors getting a chance to see CLCN perform, the days are numbered before the $2 level is broken.
About CLCN Stock
Creative Learning Corporation, which conducts business under the trade name, BRICKS 4 KIDS, offers programs designed to teach principles of engineering, architecture and physics to children ages 3-12+ using LEGO bricks.
Last 5 Trading Sessions:
CLCN is breaking into uncharted waters as it attempts to break past the $1.65 level at some point this week. With volume so low and a float so shallow, an influx of buying into CLCN stock could send this to $2+ within a few minutes. Put the multiplication of children with parents who can throw $5-$10 at sending their kid to one of the company’s franchise locations versus how much it would cost to fill the kid’s room with LEGO bricks and you can see why it looks like this penny stock won’t be on the OTCBB for much longer The potential to uplist to a better exchange is within its grasp.
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