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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Sean Collett who wrote (73984)	10/16/2023 11:59:32 AM
From: Harshu Vyas	Read Replies (1) \| Respond to of 78702

It's very possible you're right, Sean. It's definitely a pants business but, to me, it's irresistible. Possible I get burnt but it's such a tiny position. I literally only own 20 shares at $3.82 - if I lose it all, so be it. There isn't really a high chance of bankruptcy, to me. Bankruptcy is the only real threat to permanent downside from here, imo. Allegations of fraud, internal fighting - that's all behind us now. I think I've spotted most of the "dodginess" in the financials and new management have come clean about the "hidden" issues and I think they'll continue to come clean in the future. As for SBC, I hate SBC but those convertible notes will have an anti-dilutive effect - and new management are buying shares (something I forgot to note in my piece). Problem with LUMN was the debt. It's the reason I never invested and never had any desire to invest. They generated lots of OCF but after capex and debt they never really had a sustainable business. Best, Harshu Vyas