GREY:GLNIF - Post by User
Comment by
porksnifferon May 01, 2013 9:35pm
123 Views
Post# 21327818
RE: GLN in the PHILIPPINES--1st of 250 stores! WOW
RE: GLN in the PHILIPPINES--1st of 250 stores! WOW "Note: The Philippines has three times the population of Canada!"
Too bad 2/3rds of them are dirt poor with many living in containerships and shanty towns.
Dunno about the rest but I'm not feeling it and judging by the price action neither is the market. A paltry few thousand shares traded after this news release. I think this expansion is going a bit too fast, accumulating large amounts of goodwill in an ever stretching balance sheet. Margins are razor thin and an 80% increase in revenues in Q4 2012 resulted in only 10% net profit growth compared to 2011. I don't see management buying back stock, in fact the brothers have filed to sell 150,000 shares. As we've seen before there is no floor when this stock disappoints so Q1 better be a good quarter. This is no longer as safe a stock as it once was, sadly.