GREY:LSTMF - Post by User
Comment by
whitehorn1on Sep 17, 2015 5:31pm
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Post# 24113807
RE:RE:Morgan Stanley On buying spree
RE:RE:Morgan Stanley On buying spreeOrlandofl, "I'd like to see the company buy there 18M shares that they can still buy at these low prices - that's less than $7 million right now to drop shares by 10%" I like to see this as well, and this would solidify a strong investment in LTS. The problem I see, the banks probably would not although this to occur at the present time. There is probably some conditions in LTS's financials. That being said, 18 million shares equates to roughly 9 million at .50ish share price. If LTS could do it, would be a great decision in my opinion. This company is not going to fall based on 9 million dollars. Some oil companies that bought in the last downturn in 98-02, did extremely well when the oil market recovered a few years later. I would like to hear LTS feedback, - I'm betting they would say money needs to be applied elsewhere.