Agree w/previous post and also think this puts LMC into play to be a takeover
target.

The press release said that outgoing Waplan oversaw LMC's acquisitions and
growth over the past few years. Pretty clearly, acquisitions are no longer the
focus for LMC. The new CEO, Wright, appears to be an operations guy.

My guess is the next earnings report will reveal a lot of problems/losses
attributable to the prior acquisitions that Waplan oversaw. I suspect/hope that
the coming earnings report will include everything negative they can find in an
effort to put it behind them.

I'll probably have an open order under the market as I would expect a selloff
(if I am right) immediately following earnings. If we haven't already seen the
bottom, a really bad earnings report that includes everything bad, including the
kitchen sink, could/should be the bottom.

But I could be wrong. I am just reading tea leaves.

Additionally, on the negative side, Cramer thinks it is too hard to hold
minerals and mining here till the fed reflates. But I feel/think/hope that LMC
is just too low here. Since I am a long term bull on commodities in general, I
intend to hold LMC and buy more on a significant pull back.