Glentel Inc GLNIF

RE: Glentel oversold condition

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If one takes nealy 60 million dollars cash or cash equivalents in hand ( 45.6 million at the end of second quarter +12 million from tower sells+nearly 2 million from fixed satellite business sell). Also based on projected earnings P.E. ratio is less than 7 or nearly 6.7 only if cash is taken out. In addition company has normal course issuer bid going on. Historically 3rd and 4th quarter are strongest (back to school and X-Mas season). With all inventory of Amezon Kindle sold out and Galaxy product running off the shelf, Apple likely to announce iPhone5 on 12 September and rolling out on 21st September, may be adding iPad mini or Apple TV who knows,  with 545 stores and counting company is well posisioned to take advantage. Business centres have all valuable frequencies on hand therefore I see this as win win situation and stock likely to run quickly to $20 and inching towards $25 . Go GLN Go!!!