Since it's been a little while since LMN announced it's acquisition of some Nokia assets, has there been any more information found on perhaps more of the financial details of this acquisition? I was thinking that somebody must know some details? Perhaps analysts that had been familiar with Nokia might know the revenue estimates of the assets that were sold to LMN? The stock moved up dramatically since the acquisition; almost like someone was in the "know" . Just curious here. Also...at what point would you consider LMN a "buy" again (I had thought it was previously mentioned that the shares might pullback some after the quick run up). The shares have pulled back some in the new year...should I be patient before adding or just buy now? I was debating on either buying either LMN or BN for a long term tfsa contribution and cannot decide which one,
Thanks,
Shane.
We would be fine buying today; one could also take a staggered approach. It has consolidated a bit, and might some more (or not, of course). But we do not think it is the type of stock to try to time a purchase. Over five years, it will either work out very well, or not. We are confident in its future, and, so far so good. LMN has released no additional news on the acquisition, and analysts (only TD) have not provided more details. TD only started coverage in late November. The deal has not closed, but after closing (in the quarterly report) we should be able to ascertain some more information from the financial numbers. We do not really expect LMN to release any more info before then. We would be fine with either BN or LMN. We would consider LMN a more aggressive pick and it is much smaller, so that should form part of the basis of a decision for investors.