Q: 5i you don't have to post this publicly as I don't want to offend anyone or shame people from asking questions. For the first 8mos after LMN was spun out from CSU investors could have bought Lumine for under $21. Now that it's over $30; apparently, it's too late?
CSU went from $20 to $3500 in 15yrs but buying LMN.v at $30 is paying too much. I'm not saying LMN will follow the same trajectory but investors familiar with the CSU story would love to be able to go back in time to buy CSU at $30.
CSU went from $20 to $3500 in 15yrs but buying LMN.v at $30 is paying too much. I'm not saying LMN will follow the same trajectory but investors familiar with the CSU story would love to be able to go back in time to buy CSU at $30.
5i Research Answer:
We will post this (with some minor edits). It can be very hard for investors to buy a stock that is 'already up'. But in our career, ignoring this has been a very good move overall. The stock needs to be investigated to ensure that growth/valuation is both (a) justified and (b) sustainable. In many cases it is and that's why the stock is doing well.