GREY:GLNIF - Post by User
Comment by
cheerleeon Oct 17, 2014 7:27pm
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Post# 23039647
RE:RE:RE:Now is not the time to sell
RE:RE:RE:Now is not the time to sell
Could be possible when global crisis and depression, all the index lose more than half.
GLN still has strong free cash flow, twice the dividend. Australia write off just for avoid tax, why opened 50 shops in Philippine didn't increase any goodwill?
I had visited different cell phone shops recently, Futureshop, Walmart, Bell, Rogers, Target Mobile is best service with most professional people, and even iphone 6 sell for 5% lower than any shop due to Target credit card 5% discount. Cell phone sale and profit flutuated very much in quarterly and annual basis due to contract, new phone etc. and special case in Australia. Right now is worst situation, double profit in the coming quarter and year is very possible. In next future, GLN only sell for under 5 P/E or Price/free cash flow in such price. And GLN's capital expenditure is very low, so most of the earning can return to shareholders by dividend and stock buyback. 20% owner earning and don't count any organic growth.