GREY:LGLTF - Post by User
Comment by
theinvestor22on May 29, 2014 12:37pm
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Post# 22610646
RE:Stop Worrying About the SP
RE:Stop Worrying About the SPbrit: I read One Up On Wall Street a few years ago. A great book. I made copious notes and still refer to them once in a while. Peter Lynch is a smart fundamentals-based investor.
Re LOY, the improvement in gross margin was a big deal, but there is much to improve yet in net margin which means to me that corporate expenses have some streamlining to undergo. It's LOY's long term goal to get the net margin to 15%. Since they'll be taxable soon, that 15% will be hard to achieve. If they can manage it, LOY will be worth a lot more than it is today. Also, if they can make occasional acquisitions from cash flow, it'll be worth a lot more on that account as well.