RE:3 year low
I have lost a lot of money on LNR this year.
In their conference calls or in the press they have stated that the tariffs have an 'immaterial' effect on their earnings, so, I can't imagine that the lack of lifting of tariffs is what has crushed the stock this week. Really wish I would have put some stop limits on at the beginning of the week, I just didn't get around to it. I certainly didn't see a 10% drop this week on no news.
Which means to me, the news that has come out this week is GM shuttering plants...so I'm surmising that that is the reason for the hammering it has taken this week, and yet, with a huge day on the markets today due to Fed comments, LNR was one of the only red stocks on my watchlist today. MG was down until the Fed announcement and then it turned and stayed green.
So, those who may have more knowledge than me, is LNR more exposed to financial risk due to the GM restructuring than MG is?
If I can get to break even on some of my shares I have, which would be about where we were on Monday, I think I'm going to reduce my positions in half.
The market simply hates LNR right now, and I truly can't figure out why......