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quote:Originally posted by Lizard
Wow OTL. LRX is a brave move given no sign they have found bottom... I hold them and has been disappointing. I am still wondering what it is that I haven't found out about them yet which would explain the sp fall!
Yes it's a risk, no doubt about that! I've watched them come all the way down from 30c. Their need to raise capital recently to position themselves for expected future sales to Ericsson has certainly dampened sentiment. My feeling is that investors have basically deserted LRX completely until they give some sign that things are on track. My move to LRX could well come unstuck but they do claim to be well-positioned for future sales of next-generation switching equipment, and their Startronics holding alone could be worth more than the current share price. Definitely more risky than holding WCG but a recovery from current levels could be very profitable.