RE: Dead MoneyI agree that this company has a credability problem with the the poor business decisions and ofcourse now Safety Clean. ALso, if I purchased the stock at $20.00 and later at $9.00 I would be turned off on the company....but it doesn't change the fact that at current levels LDM is a buy!
There will be a takeover...shareholders are demanding it...current past senior management will be looking for jobs by the next annual meeting. This Safety Clean fiasco...imo...is the best thing that happened to the company... shareholders are now making their voices known and I think we are going to see some positive developments in the coming weeks...re-instilling confidence in the company.
This company is not going under...look at the statements...there annual revenue is in the billions...they have over 300 million shares out and $.17 EPS for the last quarter...the stock price going to rebound once people realize the cash breakup value of Laidlaw. At current levels Laidlaw is a prime takleover target.
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