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Message Boards Settings Steinway Musical Instrum. (LVB) - Quote Info
LVB - Value Trap      8-Sep-09 11:06 pm    
First of all I am pleased that I figured out how Steinway came up with LVB as their stock symbol -- won't give it away, but google initials.

LVB could be value trap -- while not going out of biz, and a premium brand, don't get caught up in book value (much less real estate valuations which have declined substantially). Listened to CC -- mgt was morose. Still laying off, further cutbacks necessary, foreign competition, school budgets being slashed for band programs. In short, they have got a ways to go.

Value traps can try your patience -- LVB will need a catalyst to drive the price -- nothing on the ST or medium term horizon -- they still have another painful year ahead. Continually lowering sales guidance -- look for further sales declines.

Painful, very painful -- hope they make it. Great, iconic American brand.

"There are no extra points for added degrees of difficulty in investing." Warren Buffett

Baumie
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LVB - Value Trap
johnbaumie Not rated 8-Sep-09 11:06 pm  
 
Ludwig you have a good point. I am not in too dee...
stocktries
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Rate it 9-Sep-09 11:53 am  
 
did you check out earnings today as well as the di...
valuegeeser Rate it 5-Nov-09 11:15 pm  
 
The earnings? Wasn't that solely a result of...
nmuhdoctor Rate it 6-Nov-09 08:57 am  
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Steinway Musical Instruments Inc. (LVB)

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At 10:34AM ET: 15.85 Down 0.03 (0.19%)
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