OTCPK:GSFVF - Post by User
Post by
VPofFNEon Mar 15, 2013 10:03am
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Post# 21134599
Financials pretty much on track
Financials pretty much on track They had a decent jump in revenue and it's nice to see EBITDA move to $7.7mm, although $1.9mm of that came as a result of an insurance settlement. Even with the write down on the equipment, GFS still has a strong balance sheet and current ratio.
I'll give James Hill credit, he has assisted the company in taking a large step towards stability, and based on the recent quarter's result on an annualized basis, we could see $22mm +/- in EBITDA. This alone should justify a trading level of between $1.75 - $2.00.
VeeP