GREY:LSTMF - Post by User
Comment by
JohnDDon Dec 01, 2012 6:55pm
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Post# 20671198
RE: Stock overhang
RE: Stock overhang Agree with many of your comments, especially will not enjoy the ride down. That said, I think the company is in much better shaped than a little over a year ago when we touched ~ $7. We have a much better balance sheet and the company is managing the production growth well. I think we could dip below 10 this time, but hopefully that is as low as we go. I believe this company will eventually get taken out, but when and at what price - those are difficulat questions to answer.
As long as they manage the company well, I am happy to collect the dividend, but would like some better stock price stability. Vermillion is another company I own and it is much more stable than PBN.
John