Post by
Aurum1983 on Sep 25, 2023 2:36pm
shorts
Short bet piled up going into the ER on Aug 14/23.
Then they covered in the last two weeks of August after Aug 16.
Little changed in the first week of Septmber. This is a good sign. Seems like the short coverings have begun.
We are drifting lower in low volume into end of month before the ex-div date as usual. For long term holders/managed funds the accumulation will take place after the monthly payout when sp at the lowest plus that way they get a good deal on the drip which is based on the 5 day vwap before.
We are going to hit the TP of $12 likely in Q1/Q2 2024. Recall we got punished for raising the forecast before the Q2 ER which does not make sense. We did not see a bump in SP when the forecase was incrased but saw a drop instead when the ER maintained the increased forecast. Made little sense to me. Eventually the analysts will have run out of reasons but to re-rate us as the business continues to be resilient as expected in hard times. The market is not giving us any respect, either as a growth stock or as a bond yielding 7% with payout ratio TTM of 22%.
GLTA longs