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The LGL Group, Inc. Message Board

  • longtimefollower longtimefollower Jun 16, 2013 9:56 AM Flag

    Initiatives that enhance value are announced this past Thursday night...

    ...and we only get 16,000 shares of volume on Friday...and no msg board postings?

    CLEARLY, this stock is underfollowed.

    Sentiment: Buy

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    • I was attempting to add some cheapies. Just to be clear, not only did they 'enhance value with their initiatives; but they received a buyout offer:

      "The LGL Group announced that it has been approached by an investment group interested in acquiring certain parts of its sole operating subsidiary, M-tron Industries, a designer and manufacturer of advanced frequency control components for the Aerospace, Defense and Internet Communications Technology markets. The board of directors has organized a special committee to work with MtronPTI management to consider every reasonable option presented, as well as other value-enhancing opportunities. LGL also announced that its board of directors has declared a special dividend to stockholders in the form of warrants to purchase shares of the company’s common stock at $10.00 per share, to be issued on or around July 15. The company intends to issue the warrants and offer the common stock issuable upon exercise of the warrants pursuant to its shelf registration statement."

 
LGL
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