Thats gonna be an awesome day. Right now we can only wonder about what will happen when and if the q gets dropped. But like I said in the past, with or without the q, this is a solid billion dollar company tradiing in the pennies. As soon as Landamerica goes through the proper channels to get there business restored to the way it was before the q was applied, there is no reason why it shouldnt trade the way it used to. Now I wont be the guys that says this thing is going to 10bucks,20,30, etc, but I will say that I think everyone knows that this is waaaaaaaaaay undervalued. This was trading in the multiples not to long ago.
OCT 3- 22.57 OCT 31 9.85
NOV 3 7.86 NOV 28 .20cents
Since then it has traded in the penny range.
Now i wasnt around this board when the company really started to tank but I think its obvious that it started to tank when the chapter 11 protection was announced. The trading public obviously overreacted and it was our good fortune to be able to see the light at the end of the tunnel. (thanks flyer) Point being, once the chapter 11 protection is lifted and the q gets dropped eventually, why wouldnt it get back to its previous levels. In a sense, this company is actually better off today then it was trading in the 20 dollar range. The reason is because at that time they had lots of debt. Today, fidelity paid them 235million and took the debt off there hands. Needless to say this should be a fun ride. IMO, good luck everyone.
