GREY:LGLTF - Post by User
Post by
ROIcrusaderon Feb 19, 2015 11:45am
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Post# 23443767
Panic
PanicLots of panic on this board, and as a shareholder for over 3 years (including recent purchases) I can see why. For the record, LOY was one of 3 candidates I had in my portfolio to liquidate to purchase CRH (check it out, the future looks bright)... Did not sell, am long because of below.
1) the company does not need cash for operations
2) any business person with a sniff of common sense will understand there is a plan for that cash... you don't just raise 7m to put it into the bank or like another poster mentioned "buy a new coffee machine for the office"
and here's the key:
3) In the Fabrice news letter he mentions the conversation with Ryu about renting accommodations vs buying for students, and that buying is much more profitable.
1+2+3 = Look for a real estate aquisition to power the spin off of the housing initiative.
Just my interpretation IMHO
GLTA