Glentel Inc GLNIF

RE:RE:Rogers and GLENTEL renew multi-year agreement

[porksniffer]

Another quarter, another massive write-off and as usual the board goes silent. This turd is the biggest drag on my portfolio. Love how they downplay their complete screw up in Australia. The entire acquisition will eventually have to be written off, now only selling 1 brand, Vodafone. Stores closing galore. Canadian operations slumping. Target is a disaster. No info given on Phillipines profitability other than they're operating 60 kiosks and plan more. Thank goodness for the US operations otherwise stock is dead. Share price approaching 4 year lows yet not a single share is being repurchased by the company, speaks volume, but many shares sold by insiders the past few years. Sales have triple in 2 years yet profit has been halved. Someone tell me how this is possible? Of course the CEO still has a job...now I await ascii2's semi annual glowing rebuttal to my post.