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Yahoo! Inc. Message Board

  • globablthought globablthought May 30, 2013 10:56 AM Flag


    Everyone needs to be patient, I am holding for at least the next 60 days, Tim Granger has been through this before, he took this opportunity after having access to confidential information about status of strategic review. He would have not signed up for this and not have this exposure via compensation if he was not encourage by what he saw. Investors should give at least 60 days to see how this plays out.

    He explained on the conference call he was attracted to LPR b/c of the massive disruption between the companies asset value and publicly traded market value.

    I suspect Tim’s enthusiasm comes not only from the disparity between the asset value and market value, but also the status of the strategic review and the opportunity to narrow this gap. Nothing has happened since he joined has diminished or contradicts this logic. In fact, the information we have gotten is better than what we could have expected (continuation on Liard and the 100k acres at Hutch).

    Independent of Tim, the company decided to purchase 5 million of subordinated notes. This too implies confidence that they have the ability to create liquidity and reduce leverage. Certain mutual funds are unable to own shares that trade below a $1,that is where some of the selling is coming from and creating this opportunity.

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