RE: What the F is going onJRickard
I feel your pain. I'm down now over 50%. Do I jump ship? Don't know. THat would suck, to put it mildly.
The bad news (maybe) #1:
I'm not sure how all the bailouts to banks and restructuring of the system affect Global as a lender to businesses, but if this is going to make it easier for banks to lend to big, mid- and small- companies, then is Global getting pinched out of its niche? I don't know how deep these changes go. Maybe they only go so far as to maintain the level before the downturn (e.g. if they did nothing, no banks would be lending at affordable prices --- and Global would be in a decent position --- assuming their borrowing from banks isn't greatly affected).
I don't know, man. I'd like to see some reassurance from Global too. Either picking up more of their own stock, or a statement explaining the way it is and things are either better or worse.
The good news #1:
I don't see mass exodus. The price is low, but actually the volume sold really isn't taht much.
The good news #2:
The share is now greatly undervalued in terms of the cash and assets the company owns.
Can anyone else bring some clarity to this? We can't be the only two investors in this company.
smts