Post by
ROIcrusader on Feb 19, 2015 11:45am
Panic
Lots of panic on this board, and as a shareholder for over 3 years (including recent purchases) I can see why. For the record, LOY was one of 3 candidates I had in my portfolio to liquidate to purchase CRH (check it out, the future looks bright)... Did not sell, am long because of below.
1) the company does not need cash for operations
2) any business person with a sniff of common sense will understand there is a plan for that cash... you don't just raise 7m to put it into the bank or like another poster mentioned "buy a new coffee machine for the office"
and here's the key:
3) In the Fabrice news letter he mentions the conversation with Ryu about renting accommodations vs buying for students, and that buying is much more profitable.
1+2+3 = Look for a real estate aquisition to power the spin off of the housing initiative.
Just my interpretation IMHO
GLTA
Comment by
makemoney4 on Feb 19, 2015 12:03pm
This post has been removed in accordance with Community Policy
Comment by
Hawkeye2012 on Feb 19, 2015 12:15pm
This is just conjecture. Student housing for international students is not a viable market. Korean students travel to another country to learn English in an immersion environment not to live with a group of people who speak there own language. No legitimate schools want to sell to Mr.Ryu so whar else can he do? I guess this is it? sounds like the LY project has failed.
Comment by
stack on Feb 19, 2015 1:09pm
This post has been removed in accordance with Community Policy