take a closer look

I have been away for a while and have only come back into LUM. I am shocked at how low this stock is for what it is. Sure there had were some significant set backs, but you need to really stop and question the price for where this company currently stands and is heading. With the recent investment in Vertigo, following the cut-back on expenses, and now in a position of sound consolidation, with money in the bank, you have to ask; "why so cheap?" I know a few people got burnt but I am sure those that are still in this are in for the long haul and don't have anything to do with the sluggish share price. I recently spoke to one of the directors who was really frank and open with me (didn't "gild the lily", so to speak) but even further erring on the side of caution (if you were to cut in half what he had to say) this has to be a 6-10 cent stock in the short term with reasonable upside in the medium to long (no predictions from me at this stage). The business they have achieved - like this deal in China, new deals in China and what they are doing in the Middle east - plus new business targeted, is REAL. The numbers will show thru in their quarterlies soon enough and this will reflect in the share price. I think this could well be one of the stocks where in a few months many will be saying "doh, why didn't I get me a few??... at 2 cents its a steal!!"....

Watch this stock I say.