Graham's formula is based on 10 years CAGR.....A big ask to sustain these growth rates for a decade. LBL may double earnings in 3 years....then it will slow down....It needs a good acquisition to maintain these growth rates. "Corporate play"....Who knows....Could be a good fit for a bigger outfit (A few years back I opined that RCR Tomlinson could be interested , funny RCR went belly up) LBL ran hard because of TC report....Brokers are usually too late to join the party.
LBL Price at posting:
86.0¢ Sentiment: None Disclosure: Held
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