Why not just post the weather--atleast I might not have seen it yet, insted insightless blathering. Gee high 2's to 5's-no shit. You should be trading in NASDAQ futures if you are so sure there is 25% more coming not day trading LORAL...you write like you know what you are doing but really don't.
What makes my eyebrows raise is the price/sales multiple under 1. I don't know of ANY private or public going concerns that you can buy for even close to 1 X sales. Even BS's purchase at 10 was conservative in terms of traditional valuation models employing revenues. Compare ratios of LOR to SIRI, for example.
while i appreciate your optimism if BS had a way out of this mess we would have heard it by now imho. the reality appears to be that you can not make chicken sald out of chicken sht and he has certainly dug us in deep. the way i see it we have to options to get bailed out:
1. a hostile takeover
2. bernie keels over from the stress of keeping track of his multiple untruths
in the meantime i will write a letter to george bush and ask him to name bernie as ambassador to chad and maybe he will resign with the sliver of dignity that he has left..if he can find it. i hate the threes!
all of the above with emphasis on F. lvg i was thinking about in today again but just couldnt pull the trigger. 4.3 today at close not. bs's cool accounting move sans any delivery set the stage for perhaps establishing 3.5 as our new number. i thought he'd announce something within a day or so but he's consistent. not that this market helps. hey where are you putting all you L funds. under the bed?
i kinda like a big cash position these days although i am always looking. unfortunately i still have a big swig of loral but must admit it felt so good to let some go, i may have to do it again. as for a quick announcement: in the three plus years i have been involved you can count on one thing from BS and thats BS. just be grateful he hasnt spoken publically lately as you know what happens when he speaks. good luck pal.