GREY:LSTMF - Post by User
Comment by
whitehorn1on Aug 05, 2015 5:59pm
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Post# 23992343
RE:Orlando and me
RE:Orlando and meDefinitely turn around stories, if oil trends up significantly, LTS shareholders will win big. If oil stays in the sh*tter for the next couple of years, most likely will need a restructuring of the company that will most likely favor shareholders, otherwise it is bankrupt. Been on both sides, high risk to reward. If you want safety buy the banks, you get returns but will not get an immense upside. Also, was watching a show with Rick Rule, he mentioned he believes there is about 30 percent downside in resources with 500 percent plus upside, and no idea time frame when the bottom will be reached. I agree, recall the 1998-2002 downturn where many stocks were well below a dollar a few years later were 5-15 plus. Whether this happens again, well Rick Rule thinks so.