Glentel Inc GLNIF

RE: WesternRookie

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I will take your frustration in good spirit. I think you really missed out on GLN buying opportunity because the culture of fear has eroded commonsense and civility. The danger of a risk mentality due to personal vendetta is that you lose the intellectual flexibility to exercise sound human judgment. When one blindly rushes to follow his zealous wild assumptions and waste time and energy defending himself from imaginary enemies, he actually creates the potential for real threat to overtake him and remains in denial despite the facts and figures to prove otherwise. Your story is nothing special. Let us do the due diligence using proven facts and figures. From 1991 till 1998 GLN distributed following special dividends. $3.29 when they sold Glenyare (GEMS),$3.00 next year when they sold ½ of GEMS shares, $1.25 to years later and final special dividend of $4.00 when they sold another 1 million shares of GEMS. So far they paid $11.54 in special dividends and started paying regular dividend of 30 cents from this year. At the same time Skidmore’s increased number of store locations organically to 240 (22 more by year end) and revenues to nearly 200 million, virtually with no debt. They eliminated competition, secured supply of skilled labour and increased cash position equal to $1.50 per share, while showing 20 consecutive profitable quarters. Go figure. It is easy to sit on sidelines and criticize but it is different when you manage thousand employees. It is not a fly by night operation. This company and Skidmore’s have a proven track record of 44 years on TSE. This company is not for day traders. Initially it was build slowly considering fiscal responsibility unlike WorldComm and Enron and now it is adding 70 stores a year organically for the last two years. Please give credit where credit is due. Skidmore’s listened to investors and reduced their holdings to 50.8% from 68%, started issuing news releases, started paying healthy dividends. This company has it own philosophy and they don’t want anybody dictating terms of business to them. TELUS tried to force Exclusivity clause on them saying they can only sell TELUS products which they refused. Glentel was not considered a national chain by TELUS then. I am sure TELUS was the biggest looser and must be repenting its decision now that GLN is the biggest national retail chain than TELUS, Rogers or BELL and closed their 49 Telephone-booth outlets in QUEBEC from selling TELUS phones where TELUS wants to expand badly. So don’t worry, Skidmore’s are looking after ample investor interest and sky is the limit. As per your posting numbers 13360358 you don’t know about GLN operation as you are from Glass Industry. As per your posting 13357272 you admitted you are uninformed poster who has limited outside view. As per 13359135 and 13359325 you accepted the fact that you are confused and can’t differentiate speedy from TCG. Still I decided to take your posting in good spirit. It has been a while since a real investor told me that GLN management has not looked after their interest, facts and figures prove that. Go figure ……. See the link. https://www.globeinvestor.com/servlet/Page/document/v5/data/chart?id=GLN-T