GREY:GLNIF - Post by User
Comment by
jsbarnbyon Jan 05, 2012 2:18am
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Post# 19371502
RE: UChuck
RE: UChuck
10/15/2011 12:30:14 PM | | 191 reads | Post #30291189
You may have called a temporary pause in the share price for the past 3 months based on the fact that it went parabolic but the party remains for those who got in at the 10-12 area like myself. GLN is in a great sector, has quickly growing earnings, a great valuation, little debt and is a dividend grower. The story is far from over. We will see $20 again over the next year.
Well it looks like we have climbed to within a dollar of $20.00. The market seems to love the apple store aquisition. In a market this volatile I have really enjoyed holding a relatively staple company that is in a growing sector (smartphones). I continue to see Glentel as a great little company that is undervalued because of it's size.
One thing to watch out for is companys that are small but grow their market cap to a point that the mutual funds (who have very rigid mandates) start buying. I have seen this before with small caps that reach mid cap status.