GREY:LGVWF - Post by User
Comment by
Nawaralsaadion Feb 04, 2014 5:45pm
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Post# 22171956
RE:News Release
RE:News ReleaseExpect the stock to take a hit tomorrow, and will probably underperform for a couple of quarters. The only silver lining is that Advantage is finally out of the way, however the way this divorce has been handled is quite disconcerting. Longview should have participated in the secondary and purchased back at least 10% of the shares or 2m shares, such a transaction would have been very accretive and would have sent a strong positive signal to the market.
Also in light of this divorce, I believe the composition of the board may need to be reviewed especially in regards to board members with ties to Advantage.
Finally and most importantly, Longview’s management needs to demonstrate its ability to execute over the next few quarters, should the company continue to disappoint, a more radical solution regarding the future of Longview needs to be envisaged.
Regards,
Nawar