Archive for April, 2018

Update to Focus List

We are removing LMFA from our focus list due to management’s lack of communication with shareholders in the face of events and market action that competent management would address. The recent declines in LMFA’s stock price with no comment or action from management suggests that there may be negative information in the marketplace that has not been officially released by the company and it also suggests that management has little concern for its shareholders. Additionally, with the passing of the 10k filing deadline and no announcement of a shareholder conference call or any indication of an intent to update investors on recent events –  we are now convinced that we may see no departure from the company’s pattern of indifference towards its shareholders in the near future. These issues make it difficult to make a bullish case for LMFA going forward regardless of valuation.

April 3, 2018 at 6:32 pm 1 comment

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