Lightstream Resources Ltd. LSTMF

RE:Analyst calls for strategy change or activist activity at Lightstream

[deisman]

Normally I'm negative about Mr. Wright & his Petro............. companies but I decided to look at it from an institutional owners viewpoint.  Here's my take on it.  Please correct me if my thinking is flawed.
**********************************************************************************************************
Activist activity is highly unlikely IMO.  The top 10 Institutional holders have an average cost of about $8.30 share (unless I'm reading the chart wrong)  With a book value of $17.84 and a  $.96 yr dividend the return is 11.5% on their cost.  If LTS cuts the divi in 2014 by half they're still getting 5.75% yr.  With those metrics and a long term view why would they care what Mr. Market is valuing the company at.  That only matters if you decide to sell.
**************************************************************************************************
Unfortunately my wife's average cost is $11.07 share (sold my position @ $8.37 and put it into ATH)  which equate to an 8.6%  return.  If they cut the divi we'll have to reassess it but until then we'll just hang in there and wait and see.

From https://www.stockhouse.com/companies/bullboard/t.lts/petrobakken-energy-ltd?replyto=21702691&threadid=21702691&source=bullboard

Orbis Investment ...	21.2M	$186,956,878	+39%	10.8%	Moderate
Dimensional Fund ...	5.1M	$37,732,483	+9%	2.6%	Low
Wright (John David)	4.3M	$36,444,052	+8%	2.2%	Low
Jennison ...	3.4M	$25,378,935	+6%	1.7%	Low
Lord, Abbett & ...	2.4M	$17,942,751	+4%	1.2%	Moderate
TD Asset ...	1.8M	$15,561,873	+3%	0.9%	Low
UBS Global Asset ...	1.5M	$11,184,235	+3%	0.8%	Low
State Street ...	1.3M	$9,367,405	+2%	0.6%	Low
The Vanguard ...	1.1M	$8,543,775	+2%	0.6%	Low
I.G. Investment ...	1.1M	$9,318,352	+2%	0.6%	Low