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Tuesday
Jul062010

LVLT - Opps

A few days back a stray long-standing buy limit order for LVLT was executed, and despite my usual optimism for all-things technology and the Internet, I decided to quickly turn around and sell the stocks for a small profit. Why? There are a number of factors, but the two main ones are: Negative free cash flow (note to self: discount macroeconomics and technology trends when stock picking), and also freeing up cash for other businesses which are even more undervalued.

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