GREY:LGLTF - Post by User
Post by
Hawkeye2012on Oct 18, 2013 12:15pm
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Post# 21827636
This is a scary stock
This is a scary stockLots of people posting that they know whats going on.
The fact is nobody knows. All we can do is look at the facts and this stock has lost some of is lustre. I dont think a lot of the initial investers in this stock were planning to stay for the longterm.
The model of LOY is to buy at a rapid pace and increase revenues through consolidation. This has proven to be failing ove the last six months thus people are bailing. This stock has done nothing to show it has long term sustainability. It was a quick money maker for many and those people are leaving. What remains are people who bought high.
The last quarter results and the last two acquistions(KGIC MTI) are the reasons this stock is not going anywhere soon. As I said the AGM will be the next big event. Some are questioning Mr. Ryu's leadership. I checked out his bio and from what i can see he has no success at running a profitable ESL business(Sorry knicksman but i dont see it). None of his past ventures(ie. Archer and most recently Mckinsley) were successful. His success is from selling his idea to investors. His abililty to manage and consolidate appear to be severely lacking. (Ie massive payouts to laid off employees, unionization,etc..)
I was a beleiver in this stock but Now I think only a massive refocus at the AGM can save it