A bit of gibberish (from shorters?) on this thread. Or maybe just distorted writing form understandable frustration. Time will tell if LCM management corrects the damage. I see this mainly as costly restructuring to O&G (as LCM said last month). And yes, LCM would be in deeper trouble if it hadn't made the acquisition.
FICTION: "The key question is why was only the 3M EBITDA disclosed and not the dismal EPS... I guess that's what my issue is, LCM stopped being transparent." (from an earlier poster today)
TRUTH: Both HY13 with HY14 presentation use the same/similar template to report the results, including stating the EPS. Actually, HY14 has a bit more detail. Transparency hasn't changed. See below.
One might also question the "cash burn" argument. LCM stated this was a one-off restructuring, not bleeding losses. Again, only time will tell whose correct.
A bit of gibberish (from shorters?) on this thread. Or maybe...
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