LDM's Share ValueI'm holding on...in hindsight I admit I would have prefered to wait a bit longer before making my investment but when I invested @ $3.00 i made it under the assumption that SK was worthless...I don't plan to run away from my investment now.
This company is under tremendous pressure to increase its share value due to its debt. With a market cap of $650 million and debt of $3 billion their credit rating will be re-evaluated...the only bright spot is that this company will now be forced to take action in supporting its share price- those options that were not attractive in past...those hard decisions they didn't want to make..are going to be academic now. They have to get the market cap up....!!!
If you think many on this board are p issed with the poor mangement of this company wait till you see the reaction of the larger shareholders in the coming days...they are going to demand a shift in management and/or the outright sale of the comapny....the board of directors will be forced to act.
sitting tight,
Narinder