GREY:GLNIF - Post by User
Comment by
ascii2on Nov 12, 2014 9:09am
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Post# 23119804
RE: GLN remains dramatically undervalued!!!
RE: GLN remains dramatically undervalued!!!New estimates for next year came in. So far average Analysts estimate is $1.25 per share and mean target is $14.75 with high estimate as $16. Please see below.
https://finance.yahoo.com/q/ao?s=GLN.TO+Analyst+Opinion
https://finance.yahoo.com/q/ae?s=GLN.TO+Analyst+Estimates
Therefore it is 30% plus gain expected in current stock price. Also as per GLN's recent filing on Sedar 62.5 million cash or cash equivalents were on hand as of 30th September which is $2.90 per share. If we take the cash equivalents out of equation, foward PE ratio for GLN is less than 8 compared to average PE ratio on TSX of 18. Therefore there is scope to roughly double the stock price from todays price of $11.15. Also since it is organically growing, prospects are much better considering yearly revenues in the range of $1,5 billion plus and lean operation model (approx 3 employees per store location in 1425 plus locations).
GLTA