Opinions
Lou Schizas
LOGiQU Financial
LGQ-T
DON'T BUY
Nov 05, 2003
Not much news on this stock. Some senior management knows the oil patch. Apparently going to focus primarily on energy investment funds. Wasn't able to break through the $.50 resistance level.
$0.450
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COMMENT
There is nothing wrong with their funds or the way the company is being managed, there is just a lot of negative press all at once. Lost a big IA sub-advisory deal, which was a ton of assets. Even though it was well televised that it was going to happen, the market still seemed to be spooked by it. They cut their dividend which was probably a good thing. Pretty cheap at these levels and he wouldn’t be worried about it if he were holding it. It is going to take a few quarters, even 12 months, for them to get back on track again and get the company going.
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