GREY:LSTMF - Post by User
Comment by
bushhog1on Jun 04, 2015 8:44pm
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Post# 23799028
RE:RE:RE:RE:RE:RE:Moody's downgrades Lightstream's CFR to Caa2; Negative
RE:RE:RE:RE:RE:RE:Moody's downgrades Lightstream's CFR to Caa2; Negativeorlandofi, I can understand you buying LTS because its
way undervalued.
With a tangible book value of $6.45, you can pick it up for only $1.05.
LTS valuation is extremely solid, because it came after management wrote off
all its intangible and revalued their Assets downwards.
Its also possible that the Canadian dollar will go up and their exchange interest rates will be written back up. The written down Assets will be written back up if
gas goes up again. They also have a better hedge program in place and lots of
unrecorded drillable land
LTS is very solid.
Yes CPG and VET have better netbacks but they are not as cheap as LTS.
Tangible book value of CPG is $22.16 and selling at $27.33
Tangible book value of VET is $18.89 and selling at $51.82
Good luck