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Rawnoc

11/24/09 8:54 AM

#215646 RE: mkinhaw #202185

LYBI to $20+ A SHARE IMO. HERE'S WHY:

(1) LYBI is major turnaround play. LYBI reported a fat +.23 EPS last Q after losing money for long time. Closing unprofitable plants, cutting costs, and interest expense reduction has caused LYBI to suddenly start raking in huge cash hand over fist. Record 3rd quarter operating cash flow. Earnings going forward should dwarf this Q:

http://finance.yahoo.com/news/Libbey-Inc-Announces-Third-prnews-2103685440.html?x=0&.v=1

(2) LYBI is a former NYSE high-flyer that has had three (3) NEW institutions reloading up last quarter and six (6) others holding (1 adding a bit more) despite now being on the OTCBB:

http://www.nasdaq.com/asp/holdings.asp?symbol=LYBI&selected=LYBI&FormType=Institutional

(3) Debt refinancing with a huge interest rate deduction should lead to even much less costs and a huge boost to LYBI's bottom line. Interest expense ate away 85% of operating income last Q and now that expense has fallen off a cliff:

http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=6880338

(4) LYBI is looking to list back on a major exchange ASAP as they are used to being a $50 NYSE company and will be making it a top priority goal just as soon as they fully qualify which should be relatively easy now that they are trading above $4:

http://biz.yahoo.com/cc/3/108443.html
http://biz.yahoo.com/cc/9/108959.html

(5) With the huge reduction in interest expense going forward of at least $1.80/share, LYBI should be producing +.50 EPS quarters easily IMO going forward with a conservative PE of 10 gets LYBI to $20/share.

LBYI BOARD:
http://investorshub.advfn.com/boards/board.aspx?board_id=15281