GLN firing on all four cylinders
Compiled following information from various threads, news releases
and sedar.
1.
Shown Spectacular growth. Business division doing
well, Retail division exceptional.
2.
Integration and transition of all acquisitions done
successfully. Company looking for further acquisition targets to enhance is
position.
3.
New state of the art fix satellite hub in place,
ready for expansion.
4.
Input costs have further gone down by as much as 40-45% due higher Canadian dollar.
Company buys its radios, repeaters, systems hardware from major vendors in USA
such as Motorola, MDS, Proxim, Tait etc. (Please see companies web site for
vendor/partner information.)
5.
Broadband sales have increased. This is new hot
iron in oven.
6.
Tower, sites, radio airtime recurring revenues continue
to grow.
7.
Multi year contract signed with Costco, added 18
new stores in 3 quarter bringing total to 237, plan to add organically (from
internal cash flow) another 22 stores in remaining 60 days bringing number of
locations to 260 plus by year end.
8.
Disclosed Cash balance of $14.159 million till
30 September 2007 though store count increased by 70 plus in 9 months.
9.
During 9 months Cash used for investing
activities totaled $6.531million i.e. 65 cents per share. Just imagine if there
was no growth company would have added 65 cents to existing 56 cents totaling $1.21
EPS for 9 months. Show me a company with that kind of record and 20 consecutive
profitable quarters of organic growth. This clearly shows company has cash and
internal controls in place.
10.
Fourth quarter is historically strongest and
early indications promise strong system sales.
11.
Blackberry curve and 8830 model sales have
stimulated earnings for retail division by 30% and likely to go up further
during X-mas season.
12.
Deregulation, Merger and acquisition happening
in wireless telecomm sector should skyrocket
its share price as current price does
not reflect companies intrinsic value and amount of activity IMHO.