IT IS ALMOST IMPOSSIBLE TO PICK A BOTTOM IN ANY STOCK.
RIGHT NOW LINE IS A VALUE PLAY. OIL EVENTUALLY WILL BOTTOM SHORTLY,
BUT AT THESE LEVELS I AM WILLING TO BUY AND HOLD. LINE MGT BUYING BACK THEIR DEBT AT 35-40% DISCOUNT WILL IN THE LONG RUN PRODUCE A STRONGER COMPANY AND YES A HIGHER DIVIDENT. IT WILL NOT HAPPEN TOMORROW AND TO ME THIS IS A STRATEGIC INVESTMENT AT THIS POINT.
I AM LOOKING TWO YEARS OUT WHERE I BELIEVE LINE WOULD BE TRADING NORTH OF 10-12. LINE IS GOING TO BE BUYING A LOT OF CHEAP ASSEST SHORTLY WITH THE 1.5 BILLION LINE OF CREDIT AND IS ANOTHER BOOST IN THE FUTURE TO THEIR EARNINGS DOWN THE LINE.
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