Above are some financial highlights for LVLT (click to enlarge). I sold some to increase my cash levels but this seems to be speculative play, geared at Q3 performance. If they can boost revenue, improve FCF, and continue to cut costs; the stock can go up 30-50% from these levels. Profitability will be challenging for years due to the heavy debt burdens. If they can restructure and refinance debt obligations, big investors will step in. I believe Buffett still owns LVLT debt.
RF,
ReplyDeleteI knew yesterday was capitulation selling. Bought at $.97 today and sold half at $1.06. Still holding for bigger rewards. Thank you for the information. Kind of what you expect for a $1 stock!
no problem buddy, I am glad I could help
ReplyDelete