SwingTrade Member Forum

[MikeDDKing]

LYBI is the latest addition to the SwingTrade Favorites at $5.75. They are a turn around situation. They make drinking glasses and other tableware. Here are some reasons why I like LYBI:

1. They just turned a nice profit of $0.23/share in the most recent quarter. Their earnings have been improving due to closure of a plant that cut their costs.

2. They just refinanced their debt and also have an interest rate reduction coming in December. These two items will result in costs that are lowered by $35M in 2010 as well as lower Q4 costs. This is a huge boost to the bottom line by somewhere in the neighborhood of a little less than $2/share pretax in 2010.

3. LYBI is formerly a NYSE listed company that is trading on the OTCBB. They are looking to uplist to a better venue.

More DD will follow!