Re: Strianese appointed CEO, 23 Oct 06
Strianese is a great pick -- one that Lanza would have approved of wholeheartedly. Yet, the market seems unimpressed. I expected at least a 3-5% pop in the pps once LLL landed a CEO regardless of who they picked. Instead the pps is flat-lining. This makes no sense unless the market is waiting to see what earnings are going to be and what guidance Strianese will provide on Thursday. Looks like it will take a little more time before the market gives this guy a chance. Once it is clear that Strianese will move LLL forward successfully with Lanza’s vision, LLL will continue to reward its shareholders handsomely. I’m going to hold with my 11+% gain. After all, LLL is still down 12% of its 52wk high and still has all fundamentals in place for continued growth.