Skip to main content
No. of Recommendations: 3
Jaroman,

While I do not own LXP personally, it is my mother's 4th or 5th largest position.

The way I read it, Land/Build at this time have only nominated two people for LXP's board.

Beyond the obvious that they want to make money, I am unsure what Land/Build is up to. What are their specific plans?

Since LXP cut its dividend a few years back, its share price has done well. I believe LXP's management has done a good job over the last 3 +/- years, so I question both what Land/Build is up to as well as question whether they will succeed.

These days, with the concentration of institutional ownership, a very few holders carry substantial power in such votes. I question whether they will be successful, unless they have a few large institutional holders in their corner.

VM
Print the post  

Announcements

When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.