Forum Topics LVT LVT Current 6x ARR looking a bargain?
Rapstar
Added 5 years ago

It could be, but I have lost faith in management's ability to manage capital and operating costs.   They lost a lot of credibility with me in their use of a newly defined metric of "underlying operating costs" to hide the fact they overspent in the previous quarter.   I am concerned about the huge amount of cash spent on contractor N3, how have burnet tens of millions in share holder capital over the past few years. 

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Strawman
Added 5 years ago

Agree. Big potential if they can execute properly, but certainly risks. Id need a bigger discount before I bought

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Rapstar
Added 5 years ago

Yes, I am waiting to see some operating leverage and some cost management before I increase my holding. I would prefer to see LVT to pay N3 in equity rather than cash. N3 don't seem to have any incentive to reduce CAC.

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