Q1 results improved but still weak
Compared to the prior year the results are still weak. LSI is lucky the stock didn't tank on the results. It's being supported by the bought deal financers. The good news is that LSI looks like it is recovering operationally but the price upside in the short-term just isn't there because the company is trading at a way too high P/E multiple now. I sold my position a few days ago and forked it into NWX which has zero debt, $20 million in cash and is running at $15 million/year in net earnings. Trades at less than 3 times earnings. Huge upside.