Beeble, YES! Two things are noteworthy. One, LEIX loss money for the Q, and the year, when half way through the Q4, (when they announced Q3), they predicted a profit both in the Q4, and the full year. Two, LEIX has FINALLY started press releases other than Q reports!
I believe CHASE has just plain revamped the strategy regarding press releases, and is very focused on driving the stock price. The best route for LEIX is to drive the stock price, issue a few shares to eliminate the debt, and debt expense, and bring about 3.0 million to the bottom line pre-tax.
It is hard for me to believe, management could miss Q4 projections by such a large margin, half way through the Q4! I believe Chase has led the strategy to "scrap this fiscal", build reserves, and bring in a winning 1999.
I still believe this is a potential 5-8 bagger. Good Trading, LF |
