If you ask me the major management problem at LBL today is consultants. Too many consultants in the backroom. You see it clearly in the presentation.
"Significant Reinvestment to Accelerate Growth" what nonsense this can only be a catch cry of a Consultant. Scale down the influence plus get rid of the CFO. Unable to match expenses with income. Management that understands their business would never invest in expenses over and above and put down a 40% investment at least you want control or 15% before control.
They need a USA presence, to grow Now do it! instead of wasting money on salesmen and consultants.
cheers
LBL Price at posting:
47.0¢ Sentiment: Buy Disclosure: Held
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