LNY: Receives Lowered $21 Offer from CEO; Engages Cowen
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Submitted By Knobias ClipReport
Friday’s session saw mixed results for the day but solid weekly gains as many investors brushed aside employment and other lackluster economic data to post profits.
The next catalyst is first quarter earnings which begin to trickle out next week with many expecting companies to lower forward guidance. If shares continue to see gains with lower earnings or guidance, the bottom may have already been made with fundamentalists leading the charge on a value stampede.
