LLC has been the company that keeps on taking since COVID. The stock has more than halved over the last few years as management goes from bad to worse; subscribers may recall that between the 18th of December and the 19th of February, just two months, LLC effectively downgraded their full-year earnings by 20%, a very bad Christmas! Now they are facing a $112m tax bill connected to a tax dispute over its retirement living business. Perhaps if/when they raise cash and the stock plunges towards $5, it might be worth considering, but for now, it feels like a trainwreck without brakes.
- We sold out of LLC in March at $6.18; the stock is lower today, while the ASX200 has edged up a few per cent.
MM has no interest in LLC
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