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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: KyrosL who wrote (75858)4/24/2001 12:01:53 PM
From: American Spirit  Respond to of 99985
 
LOR has 6 x assets re: to market cap minus debt. This translates to about 3 or 4 x assets re: market cap plus they have .50 market cap in cash. Market cap = only 4 months revenues now. They are perceived by the market as a money pit but they have closed down their Globalstar investing and written it off. That's their 1 billion hit last quarter. So they're free to grow from here. They do need a deep-pockets partner/suitor though within a year. And probably will get one. Three insiders bought this month and none have sold in some time. Unterberg gives LOR a $9 price target. I would take half that. gg

unterberg.com