TSX:LSG.DB - Post by User
Comment by
mountainposeon Jan 06, 2015 1:37pm
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Post# 23290396
RE:LSG has to many
RE:LSG has to manyIn over thirty years as a professional investor I have never seen a reverse split that worked. Never! And, over 85% of share buy-backs don't work either. Reducing debt is a big winning strategy. Having cash to make acquisitions is very smart, especially when it's cheaper to buy gold or oil on the exchanges than to dig for it. Quick note on oil. Super-tankers (300,000 barrels ea.) are loading up on it right now. 300,000x$47.00=$14,100,000.00 and at 3% interest rates = $423,000.00 deductible interest expense per year. China is doing this in a huge way. Expect prices to stay down for awhile. Low oil is good for mining if the commodity is profitable. This might be happening for gold if the price keeps going up. But then the American dollar is due for a drop...