GREY:LSTMF - Post by User
Comment by
bushhog1on May 25, 2015 9:19pm
120 Views
Post# 23763180
RE:RE:RE:Why Surge over LTS? Three reasons...
RE:RE:RE:Why Surge over LTS? Three reasons...In response to Oilman.
You said Book value is meaningless .... Well that is according to you
You said Surge is growing... Well if you read the report backwards, yes.
SGE EPS Q1 2015 ( $.48) Q4 2014 ( $.50) Q3 + $0.16 Q2 +$ 0.20
You said LTS is shrinking, agreed and that why the Book value dropped from
around $18.00 to $6.45. However the stock price is a give away at $1.38
Why did they shrank.
Management wrote off all intangible Assets ($1.3B) and revalued Assets downwards
by $700M
Now they still have these Assets and was also able to haul in around $160M inTax Credit .
Good Luck in Surge