If the overall market holds, I think LEI will bounce back over the next few days. So far the support level of $25 is holding, but it's only 12:30 pm so the rest of the day will give some idea of what will happen.
Have to say that I read the news release as neutral to good. The investment write-downs are already known to the market and the re-test of the $25 support will probably strengthen the price, providing it holds okay. It might even be a springboard to the $33 or $35 level.
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- fantastic announcement
fantastic announcement, page-30
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