TSX:LSG.DB - Post by User
Comment by
Hockeynut2on Oct 19, 2012 5:27pm
359 Views
Post# 20504924
RE: Question ??
RE: Question ?? Hi Harjay. I'll take a quick stab at answering your question. For me, it's all about management. 2 years ago LSG, SGR and GCM all had a higher SP than BTO. They all produced about the same and they all have similar shares outstanding. The difference has been that BTO just keeps on meeting their goals and is now debt free, profitable and growing. The other 3 have all over promised and under delivered. As for the volume, I have a core position, but I admit to trading all 3 every once in awhile, and I don't think I'm the only one. As far as manipulation goes, I think it's a given, the money managers are doing their best for their clients and will do what they can to show a profit. Here in Canada, I think it's now 9 straight months of mutual fund redemptions. That puts pressure on the managers and the first ones they cut are the poor performers. So everytime this thing pops a little, the selling pressure increases. The only thing that will reverse the trend is 2 or 3 quarters of beating expectations. That would make the mutual fund guys net buyers again instead of net sellers. As for LSG management, if they blow this, I'll just add them to my list of names to avoid in the future. GLTA and have a good weekend.