TSXV:GLG.H - Post by User
Comment by
bendergardenon Oct 04, 2009 8:36am
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Post# 16360690
RE: RE: There are few opportunities
RE: RE: There are few opportunitiesBXI looked pretty interesting actually. I would much prefer to get in at about .60 - .80, rather than the $1.25 or so it is trading at now. I got in GLG at a very good price, relative to what it is at now. The market has been on fire for the last 2 months. I expect some cool off, and will watch BXI in the meantime.
Another decent little comapny worth a look is ABC, Asian Bio-Chem, a corn starch producer (among other corn related products). They are already in production, and will open a new plant this month which will expand their capacity from 300,000 to 900,000 tons. Is sitting at .70 right now, below book value, and is a good bet for $1.00 + in the near term.
Hopefully GLG has a good solid poison pill? A good flip in set up is what they need. It would be a shame if a buyout happened, as the growth potential far outweighs any short term buyout gain.