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Lifetime Brands, Inc. Message Board

  • stokluver stokluver Nov 6, 2009 2:30 PM Flag

    Big turnaround?

    Muted reaction to an impressive Q3 earnings report. LCUT had .40 in EPS. And isn't Q4 their best quarter? With the cost cutting initiatives, shouldn't they earn .50-.75 in Q4?

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    • You stated the obvious which is why the stock is trading at its 52 week high. But you still have the Debt to consider, the incompetent management team which took this once great debt free company with a market value of over $300 million not too long ago to under $100 million today and then there is the make up of the board to take in to consideration. The Board is their friends and family with little to no vested interest in the outcome of this company. Why would any one want to be involved with this company? That is why they were able to fight off the hostile take over 2 years ago.
      Look too see who got the biggest grants when they last handed out stock options. Too many reasons to list as to why no one is jumping in now.

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