No reason for LEE to be below where it was trading before the debt issue came up.
13% dilution would be a good reason that it wouldn't make the pre-BK price based on fundamentals. LEE does look to be on a roll though so who knows.
The 13 % dilution also came with a reduction in debt.
Your new found humility is really boring.
That's aggressive. $1.40-1.60 maybe. $2 doubtful. Unless the whole sector rallies (GCI up to $18...MNI up to $3.00-3.50, etc.)
If anything I think its conservative.I think $2.50 is doable.