With four more years of a rubbish economy in the forecast, traders may jump at the Q3 financial results of California based Loans4Less.com Inc. (LFLS). Considering that the online mortgage loan brokers were able to book $1 in revenues during the quarter for every 4.32 shares in the public float, $1 in net income for every every 12.24 shares in the public float, it’s hard to see why LFLS stock is undervalued at its current price. With cash and equivalents up 806% versus the same period in 2011, total liabilities down -61% to $79.4K, this is a must own value stock with the likelihood no one ever trades it since volume is almost obsolete.
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LFLS Stock Chart
Market Cap: 1.99M
Close: 0.067, no change
Volume: 1,200
52 Week Stats:
High (5/25/2012): 0.51
Low (7/19/2012): 0.01
20 Day Stats:
Percent Change: 103.03%
Moving Average: 0.0785
Average Volume: 13,693
Authorized: 250,000,000
Issued and Outstanding: 30,550,000
Float: 3,157,981
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First of all, volume is virtually nothing. Over the last 5 trading sessions, LFLS has had three trades. However, the cash flow is there for Loans4Less and the insiders are faithfully holding tight on to their shares.
According to their update this morning (see here), total revenues for the third quarter of 2012 increased by approximately 56% compared to the third quarter of 2011. Third quarter net income was 437% greater compared to the same period a year earlier. The significant improvement is due to greater awareness of Loans4Less.com’s online services as well as exceptionally low mortgage rates.
At September 30, 2012, the Company had cash and liquid investments of $72.5K, which is approximately 806% greater compared to September 30, 2011. Total liabilities were reduced from approximately $206.6K to $79.4K, a decrease of approximately 61%.
With another four years of Obama and truth to the rumors how moving truck rentals are quadruple the price leaving California than they are heading there, the housing market and credit crisis as we all head towards the over-glorified “fiscal cliff” should be fuel for the Company that can continue to build off their Q3 numbers.
About LFLS Stock
Loans4Less.com, Inc. is an online mortgage loan brokerage focused on becoming a national loan origination platform for standard “A” paper conforming residential mortgage programs. Loans4Less.com maintains an A+ TrustLink rating with the Better Business Bureau; provides very competitive rates, terms & costs, daily rate updates, and other market information; and prides itself on excellent and honest service.
To visit the website for LFLS, click here.
Bottom Line: LFLS is producing revenue and net income numbers that forces a trader looking for value investments to add this to the list of penny stocks to watch. If LFLS stock was to see a momentum session, with just 3.16 million shares in the reported float, it would be hard to not see this push 10 cents plus.
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