BACKING UP THE TRUCK BEEP BEEP BEEPpicked up 14 998 shares
Followed LB for years, would never buy because unions = cancer. Didn't realize until recently that LB underwent successful chemotherapy in 2021, making it viable.
Buying for the long term turn around strategy.
if it does get taken out, which seems highly possible, that's fine too. If it does not get taken out, I'll sit and hold and see how their turnaround plan is going. If it's working I'll hold, if not, I might exit and take the * post non takeout price decline * tax loss.
Normally I don't like woman CEOs, but I read that she refused to communicate with the union to negotiate, which helped alleviate my discomfort somewhat.
Lets see if the cancer survivor recovers from the chemo as time passes.
Might add more
GLTA