LIQUOR STORES NA LTD 4.70 PCT DEBS T.LIQ.DB.B

RE:RE:RE:RE:Lack of real assets

[Goldbuggy1]

d_trump wrote: Ya often the best time to buy is when others are selling and the best time to sell is when others are buying. I bought more in the 6.5-6.75 range and I dumped those today just to lower my cost base on my core. But this stock is still way oversold - its trading as though sales have cratered when they are only down 1%. It would be interesting to look back a year ago to see what the sentiment was on this board because that was clearly the time to sell. Good luck to us both!

Yes, this company trades now like it has already cratered and stopped paying a Dividend. This price of $7 per share on a Price / Earning Ratio of 13.5 is the kind of P/E you would expect from a bank, who's growth is slow. Not from a company who just reported the purchase of 2 huge format store in New Jersey, in which after full ownership will increase sales by 10% and earnings per share by $0.08. Plus 2 more large Format Stores in the N.E. which should be in operation by mid summer. If there was ever one thing that has frustrated me the most about this Company over the years is how it is effected so much base solely on just rumors and speculation. Take for example the time when Kentucky was looking at the possibility of selling liquor in grocery stores their, which of course never happened. We hardly had any stores there but the way this stocked dropped you would have thought all our stores where there. Then there was BC, and the government allowing grocery stores there to sell liquor and the same as they do in Alberta. Again we only own 35 stores there, but the way this stock priced dropped you again would think all of our stores where there and that after this news we wouldn't be able to sell anything. Which again didn't materialize. I wonder since we are so vulnerable to such crashes based on rumors and speculators only if it has to do with our small share base we have, and that with only a million shares timed at the right time, a Hedge Fund can Short and knock the bottom out if our share price. Or are our Retail Investors a lot of Retired People or Widows and Orphans, who are easily spooked and easily shaken out of the Apple Tree? I don't know. But with high monthly Dividends it seems like a good place to be when things are smooth.