RE:RE:Morningstar - now values LUff at 4 cents CADCouldn't agree more @Golddetector. I think the bloodbath in the markets created some amazing entry points for some other plays that have a better upside potential and that's why the drop in the SP. Full disclose: I also sold half of my shares of LUFF to add to my position elsewhere. I know others who did the same (and who are planning to buy back later) not because the fundamentals of Luff changed but because they saw a faster return on their investment somewhere else. I like the direction Luff is going and I still hold a big amount of shares with patience and confidence. And as for Morningstar value - it always changes depending where the markets are at, I personally look at financial reports and news releases and those have been looking good!
Golddetector wrote: If you sold your shares and made some money good for you. You do not have to bash the stock. Just take your money and move on. Personally I had to sell part of my position to buy tbp because I think it has faster return not because Luff is bad. It is a penny so it is speculative can double next week or can go back to 1 cent. One thing we know they have 6 millions at the bank a 2 million loan so 4 millions clean no debts and completed facility in production. Only missing part is marketing that they are working on. They were aiming positive cash flow this year. Even if they have a small loss by the end of the year they will worth way more than this. I hope they success and reward their shareholders. Btw if it ever happened and went back to 1.5 cents I will be buying again but I have a big doubt it will and wish it won't. Jmo