GREY:LSTMF - Post by User
Post by
darkstreamon Apr 14, 2015 8:47pm
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Post# 23630052
LTS
LTS@ $90 oil LTS was a badly run company -it took a $45 drop in oil price for most to admit that -everyone had Dividend Fever and made a case on how the dividend was always sustainable -they always paid out 100% of what they took in -half of that payout over several years would have eliminated debt -Wright and company had leverage on the brain and the Ponzi scheme caught up to them way too early -their property values have depreciated some but the major problem is that all the leverage is lost -the Goodwill is gone and credit is drying up -$3 would be generous buyout and I hope someone makes the offer.