this is a fairly vague question without looking too deep into the details, but is the GCL deal not significant enough to stablise LNC in these volatile times? the SP went up near on 30% on announcement, clearly the market has taken a turn for the worse since then, but surely there is some overselling here?
i could be completely wrong, as i say i havent looked too deeply into the details, but i would have thought the GCL deal was somewhat of a stabliser for the company.
any views on this would be appreciated
LNC Price at posting:
68.0¢ Sentiment: None Disclosure: Held