Post by
sirbarfalot on Sep 16, 2015 6:58pm
Morrison bought a ton of stock.
Either he has made a mistake or has inside information no one else has which would be illegal. Based on LOY's performance, the forbearance agreement, highly dilutive financing carrying a stiff 9% coupon, news releases and financials there is no investment value left and LOY will likely declare bankruptcy soon. Which asks the question who is RJM? Is he real? Or carrying water for an outside agency?
Comment by
tmf3333 on Sep 16, 2015 7:29pm
Yet you continue to follow the company, own no stock and post on this board. hmmmm...shorting much?
Comment by
60606060 on Sep 16, 2015 8:24pm
I know the present problems and feel a turn around is possible by selling assets that aren't producing and cutting all the waste. Raising tuition is necessary to make sure profit margins are reached and tighten all spending. It's a great business with lots of potential so fix the flaws and get going.
Comment by
schoolboy on Sep 16, 2015 10:06pm
At the peak of the stock market crash in 1929, Richard Whitney walked into Wall Street and bought a bunch of stock at ridiculously high prices. It wasn't because he believed in the stocks. He just wanted to temporarily bump up the prices so that the banks could dump profitably. Don't take anything at face value.
Comment by
60606060 on Sep 16, 2015 10:38pm
But Schoolboy, Morrison's buy didn't do anything to the SP. Now what could be done to turn this company around quickly?
Comment by
InternalAudit68 on Sep 17, 2015 9:02am
This post has been removed in accordance with Community Policy
Comment by
schoolboy on Sep 17, 2015 2:40pm
InternalAudit, what's good about the new immigration rules. The government axed work and study programs and introduced very expensive new red tape for schools. They also introduced visas for students who previously didn't need them. Where's the good news?