Alan, did you buy? I bought more at 7 25/32 today.
Conference with Morgan Stanley next week. It's been a long time since they have shown any interest. MS did the IPO, priced at $11, ran to about 22, before falling to 4 3/8(over expansion of sales offices overseas and over spending in marketing in relation to business plan was the main problem).
Last years fourth quarter was the end of their reorganization. Earnings and sales have been rising steadily, according to Greg Peters plan. Remain profitable with growth of up to 25% per year(this is what he is comfortable with). So many companies expand to fast and lose their focus.
Will Morgan upgrade next week? Who the hell knows, I sure hope so. They have a neutral rating on LGWX as of now.
Of course, everyone should do their own research, my file is 1 3/16" thick, (just measured it). I am certainly not touting this stock, only informing. As we know, anything can happen in this crazy market.
See ya!
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