CompetitionI've owned GSI for quite sometime and I also believe in the value present. However, it's also clear that many businesses across many industries and market caps are also trading at significant discounts in this enviroment. Some companies are further along their growth path than GSI and their predictable, larger cashflows are visibly discounted to an even greater extent.
I think some of the selling you'll see in this enviroment isn't necessarily a judgement on GSI.
It's a call on which positions are likely to bounce back quicker with big amplitudes. I view stocks in this enviroment as compressed springs. Smart investors won't get married to one idea and they'll be willing to adapt to place their money on the springs that are most compressed and closest to snapping back.
In my experience when $ moves back to stocks after a market event, it tends to move towards high quality, larger capitalized names first. As confidence grows and the value gets eroded in the safest bets, investors will then move towards higher risk names.
GSI isnt necessarily a high risk bet. But it is a microcap idea with one dominant contract bringing it very modest profitability at the moment. Over time, for growth to continue, you will need the addition of more contracts. The first contract was acquired. I think they have an excellent value proposition to win more - but this is a young company and they certainly haven't proven themselves yet.
Hope everyone is staying safe and everyone is healthy!