LEE:NYSE $.89, $3 before financing issues, FINANCING SOLVED
LEE:NYSE is a true no brainer. Annualized earnings of $.80 and trading at $.89.
LEE was trading over $3 before it filed an orderly restructuring under Chapter 11. THE RESTRUCTURING WILL BE APPORVED NEXT WEEK WITH ONLY 10% DILUTION.
That means that LEE is essentially the same company as it was when it was trading over $3, but with the financilal issues resolved.
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