RE:managed to add todayBarstoolSage wrote: Picked up 1000 today at 6.19 and I'm pretty happy. Gives me 3 thousand of these beautiful monthly yielding babies.and I think I'm buying good coming yield at a good price.
Bought 2 thousand a while back at $8.35 that was doing everything I wanted until Covid hit and closed the casinos
I was redeploying out of NTAR profits which has been a good call for me. In the last three days I've picked up close to 3000 Chemtrade selling on NTAR. profits and now today 1000 GH
I like GH as a small casino, meals and lodging operator. It is well run. Since Covid it has also repurchased lots of its shares for $4.44 according to May 12 NR, taking 270,451 shares out of 24 million out of circulation. About 1% which is not nothing
The properties I see, the Grande Prairie Great Northern casino & adjacent Service Plus Inns & Suites, The Boomtown Casino in Ft McMurray which by now everyone has heard of, and Calgary's Deerfoot Inn & Casino, are well run and look good. I understand that David and Darcy Will are long time owners and insiders which means experience is at the helm. And it shows in the financial statements in terms of key metrics like debt and leverage. GH has lots of resources to ride out Covid
All in all I think my 23k investment in 3000 GH shares is going to work out for me
The 'Sage' looking quite omniscient today. Almost a year-to-date after grabbing some shares at $6.
This pandemic really culled the "traders" of GH and transferred their shares into the hands of "investors". Anyone who bought while casino doors were closed is finally seeing their seeds start to sprout. I'm happy for the group here. You toughed it out. You saw that there would be an eventual reopening. Give yourselves some credit, you've got more backbone than the executives who ran Great Canadian Gaming and sold it at the bottom of the recession for $0.50 on the $1.00.
Better days ahead, my friends. I'm hoping a few months of business may lead to some form of dividend. Would not be surprising to see $0.03/m to start, rather than the $0.0575 you're accustomed to. Be patient.
Kasking thanks for being the eye-in-the-sky. Your input from GP has lifted the spirits of the gang here. I don't care wht the pit bosses say about you, you're a good egg amongst the shareholders.