GREY:LGLTF - Post by User
Comment by
Hawkeye2012on Jul 31, 2014 4:10pm
314 Views
Post# 22800005
RE:RE:close at $0.445, new low ahead ?
RE:RE:close at $0.445, new low ahead ?I see no reason to believe this stock is going to 70. I have heard that number thrown out many times on this board. This stock is dropping based on false promises by Mr Ryu. If you are buying in for a moderately profitable ESL school that has a seasonal cash flow then you might like this stock. Mr Ryu has had a hard time trying to grow this project. Industry leaders have not been willing to sell him. Thus you get poor acquistions like WTC and UCL and PPC, which no longer exists as it is now Cornerstone Vancouver. For the most part, this stock is KGIC the other schools are just window dressing.
MTI is still maintiaing a profit but is not a school that fits the LOY project. Thus,there has been very little consolidation going on and I predict, just like Sprott shaw did with KGIC , LOY will sell MTI as an irreconciable member of the LOY family. LOY got taken to the cleaners by highly over paying for KGIC. Community colleges and EFL are very seperate parts of the education industry and there is no synergy between them.
Investors are starting to see what this stock is really all about and thus the stock price. Maybe Schulich will see it too.