GREY:ETRFF - Post by User
Comment by
buddhaboyon Sep 30, 2011 8:05pm
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Post# 19106421
RE: 3rd Quarter Financials
RE: 3rd Quarter Financials
If anyone is expecting strong financials for the 3rd quarter or any quarter for the immediate future, you are going to be sadly disappointed I'm sorry to say. Don't want to come across as a know-it-all (and I would love to be wrong), but this puppy ain't going nowhere for a while.
Someday this company will prosper, but with the housing situation in the US in the dumps and Canada plateauing as well, that day is not at hand. My only hope is that the financing that will be needed to get them through the lean times will be in the form of debt, so as not to dilute us shareholders too much.
My suggestion is stock up on cheap shares with money that you don't need anytime soon (and can afford to possibly lose), put them in a drawer and check on them again in 5 years. That's how I intend to play it.
Best of luck to us all,
BB
PS - Madison, your periodic updates on industry conditions are always appreciated.