GREY:LGLTF - Post by User
Comment by
BigPapaStockon Feb 23, 2015 6:02pm
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Post# 23456830
RE:Another day..another disappointing finish
RE:Another day..another disappointing finishWhen you look at the rest of the market, today wasn't so bad. Not much buying happening anywhere today. With the volatility in commodities, investors are looking for safer bets. Companies that generate good revenues, have good balance sheets, and those that are experiencing tremendous growth. Money will flock to LOY as the year unfolds just like it's flocking to PHM. It's the same business model. Vertical integration. PHM is buying it's growth just like LOY is consolidating the ESL industry. It works. I think this financing will be the last for a while and from here, LOY will be self sufficient. If any further financing takes place, it'll be at a much higher price. It really doesn't matter where this PP gets priced. I'm thinking anywhere around $.45-$.50. Like Farbrice said on BNN, the major reason big money was staying away was because they believed a PP was possible. Many will take place in this financing, but it's not big enough to accomodate everyone. Once it closes, whoever wants in will need to buy on the open market. This industry is recession proof and revenues are predictable unlike most Canadian stocks. The rush is coming, just need to be patient.