yeah its been batterred more than expected after ex-divvy
Avg share price has been around the mid-late $8 range
Now LNN trading near long term support of lower end $8
unless somethings fundamentally changed, $8 or thereabouts give or take a few cents is very strong support
LNN has held up remarkably as have FGL and CCL and MTS and TRS n JBH n WOW during this whole credit crises
LNN is rated as one of the top defensive plays prob second after woollies
We are at the absolute bottom of a long term trading range - lets hope it holds.
I think it will.
Other than a reviewed CCL offer i cant see anything that may be viewed as 'negative' (and the stocks already gone down from an avg price round 8.50-8.80 to 8.00)
CCL will make a great acquisition if it comes thru anyways as both companys have similar balance sheets
With CCL , LNN will be a powerhouse of a stock in the future
LNN
lion nathan limited
