GREY:GLNIF - Post by User
Post by
ascii2on Oct 30, 2008 8:55pm
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Post# 15557299
WOW Net profit and sales up 48%
WOW Net profit and sales up 48%
https://www.stockhouse.com/News/CanadianReleasesDetail.aspx?n=7105344
Just wow. 81 cents a share profit till 9 months. 4th quarter is historically the strongest quarter. Just imagine if profit is up by same amount it might cross $1.50 during year end and that too after adding more than 56 stores so far through organic growth. Just imagine if expansion of retail stores stop ( they spent 15 million for expansion) than the profit will be $3.00 per share and P/E ratio around 2.3 . What a steal deal this stock is. It is grossly under valued right now considering the fact that there is no debt and cash in hand is over 10 million. Take cash out and stock is trading at $6.50. I can't believe this is so low. Reality will kick in sooner or later. Good luck longs.