RE: 4 min speech Owning LEG is like watching the horror flick The Exorcist over and over again. The question I often ask myself is - why the shorts keep tormenting the retails of LEG? This is much like in The Exorcist where the devil keeps haunting the same poor defenseless girl? Why, why, why?
The caller who asked about LEG must be a short hater as much as I do. He really enjoy the SP rise today, but tomorrow could be another story. Remember we were at $7.50 once and got pushed down to $6.50? It wasn't that long ago. All I know is if LEG continues to drag along with 12% to 13% of its shares being shorted, SP will never see the light of the day.
What Eric Nuttall said could be right the stock is likely worth $9 on asset value alone and yet we celebrates when it hits $7 today. Geez! Maybe if LEG paying a dividend could wart off the shorts, but one stock I used to own - SMF - tried that and it did not work. Shareholders have pleaded with management to do that but the end result was of no use.
Shorts only plague the weak stocks, obviously LEG must have a lot of weakness that we are not aware of to keep attracting so many shorts. Would anyone know what these problems are? Eric obviously would not tell us on the air.