Insiders need to purchase at least 20 million shares
and at this level or higher. LTS price to book and price to cash are excellent. In growth there are two or three other national brokerages who compare and they trade at double digit pps. We need a decent P/E ratio and you get that by actually earning money every quarter. It has been a year now since they announced SA aquisition...and in my opinon they need to reset the float which is around 100 million...bring that down to between 50 to 80 million and it will obviously boost the stock some. The long term debt is a non issue since the money owed is actually to the chairman of the board...so no debt really. They also need to consider some of the suggestions i have sent to IR ...do a conference call,updated investor letter,get some analyst coverage and give some foward guidence.
If these insiders are so convicted that what they are doing is right then
1) they should put their money where their mouth is and buy this stock with the kind of size some of them are buying/have bought OPK and VGR.
2) Buy back stock and take the massive number of shares down to a level where they might actually be able to post some decent numbers.
Any thoughts from posters? Any thoughts from management?
You are a good cheerleader of the stock. Yes, LTS should find another acquisition target, and "roll up" another brokerage firm.
But you need to look at the chart. It's easier if you add CCI (commodity Channel Index) to Indicators. Both CCI and RSI are pointing UP. LTS is rising and should hit the $1.50'ish area. It will all be fine:
its mainly this market that is keeping us down. I tell you it has been bad for so long....you lose perspective of the big picture. As for LTS ...yes its finally bottoming ...just wish it wouldnt have taken almost 5 months to do it. Long time to wait for a stock to catch itself.