Carl, >>>** Off Subject<<<
Basically, the investment is in the character of the people involved, specifically, Walter Scott and James Crowe. These are highly ethical, home spun, Warren Buffett-like hicks, who normally take on and beat the city slickers at their own game. Investors in Walter Scott backed projects usually make a lot of money. Their last big score was with MFS Communications which they sold to Bernie Ebbers (I believe)at World Comm. MFS and their shareholders made a ton of money.
As for LVLT the stock splits tomorrow. But, the real story is that they have a lot of cash, a terrific business plan (build fibre optic network using IP technologies) , people that have proven abilities to execute a business plan, and management that cares about increasing shareholder values.
If you are a value investor, a la Warren Buffett, then this investment is not for you. But, if you have some spare cash available, willing to wait, and to take a chance - then this is a fairly interesting situation.
I bought some when they were a BB stock and have put away some shares for the long term and will try to find some trading ranges (between 30 and 40 - after the split tomorrow) to play with on some other shares.
Regards,
Mary
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