GREY:EGDFF - Post by User
Post by
DoubleManon Feb 02, 2013 2:03pm
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Post# 20929371
The graph tells the tale
The graph tells the tale The stock is now down over 50% from it high just over a year ago...and now there are reports that some investor houses indicating that the stock is still too high to buy in. We must also consider dilution at the shares are now at 35 millioin, about double in just a couple of short years.
Alas i feel the run was good while it lasted. I forsee stagnant growth until management contains the share dilution and focuses on U.S. dollars as their business currency. Maybe the company was just growing too fast and now it has settled in for the long term.
Time is the factor but my guess is lucky at about 5% per year over the next few years unless they are aquisitioned or head over to the TSX board.
Just my opinion