GREY:LGVWF - Post by User
Post by
privateinvesteron Mar 28, 2014 4:48pm
498 Views
Post# 22384008
Difficult Situation
Difficult SituationIt will be difficult for SGY to justify issuing shares for the balance of LNV shares because their cost of capital is around 9%. They would be better to offer cash, but doubt they will want to offer more than the $4.45 they recently paid. LNV shareholders need to hope for another suitor...best scenario would be a wealthy new CEO who could take out SGY's block and strive to grow the co. First time poster..just my thoughts.