RE: RE: RE: Comparing CLL/MEG/Q1 numbers Thanks for the reply LOLO.
Why would you assume I hold this stock after reading my post suggesting a week fundamentals and disappointing Q1/2012 results?
It has been proven over and over again that CLL can be used only as a trading vehicle. CLL fundamentals does not support buy and hold strategy. Look at CLL's long term chart which is a reflection of management straggle of deploying $2 billion of shareholders equity.
At this time we are not at good risk/reward situation. There is potential of 20% gain and 50% losses if CLL will not receive any offer. CLL's books are open for last 7 months with nothing to show. 6 months search for JV partnership (the only reasonable option for shareholders) has failed. CLL is buying time by selling non-core assets to survive.
Two institutions you are referring to are perfectly happy with the status quo because they collect 8.75% on CLL junk bonds holding which is much bigger then their equity holding of CLL common shares.
Remember that institutional holdings does not guarantee any gains for the shareholders. Resolute Fund use to own over 20% of CLL shares and was forced to sell it with $2 losses. What make you think that institutions know what is going on out there more then you do?
We had a good discussion with CLL's CEO on the other board. It clearly show that institution relay on big BS as much as everyone else.