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Friday, 06/24/2016 8:36:47 AM

Friday, June 24, 2016 8:36:47 AM

Post# of 52
LM.V (LMDCF)

Been Buying Some LM.V (LMDCF) this week around .51-.53 USD. Here is what I like.

1) LM.V is a great growth story had 96% revenue growth in 2015, and although I don't expect that rate to continue, they will continue to grow solidly again in 2016 and beyond. Revenue growth was 16% in seasonally slow q1, we are now entering the seasonally strong period for the company. So I expect really good numbers in q2.

2) LM.V Earned .09 last FY (Although I would Use .073, because I ex out foreign exchange gains and losses. Everyone was disappointed with q1 because earnings on the surface looked less but in reality core earning ignoring whether it is a gain or loss on foreign exchange was 237k versus 66k in q1. Hence about .008 in seasonally weak q1 is pretty solid. I expect q2 to be .04-.05, and I expect 2016 earnings to be in the .12-.15 range. Hence I feel the stock is significantly undervalued. I feel LM.V FV is around $1.25.

3) LM.V is waaaaaaaaaaaaaaaaaay off it's highs ($1.19 CAD) and is going into a strong seasonal period as one know those are two things I like to buy in to and this time is obviously no exception.

Conclusion: Now I feel LM.V is rather attractive at current prices, and I will add more on weakness. All is just my opinion, and I could always be wrong though.

---All above is just my humble opinion.
And I could always be wrong.
And as always do your own DD.---
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