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LKKRF - Lookers: A Still Risky But Improving Opportunity
Lookers PLC
When I recently wrote about British car dealership Lookers (LKKRF)(London-listed, on the U.S. OTC markets it trades under the ticker LKKRF), it had uncovered accounting anomalies. In Staring Into The Abyss: Lookers, I concluded, “Until there is clear evidence that the company has come out the other side of its accounting problems, I don’t think it is prudently investable.”
There have been some developments which suggest that the company already merits more detailed consideration. Although it has not come out of the other side of its accounting problems, there is a pathway