RE: REAL NEWSDo you DD on Globel, These guys are for real. They have cash, profits,exponential growth record, excellent management and are very undervalued themselves right now. Chances are excellent for this company's stock to grow exponentially. In addition they are palnning to go on a senior exchange soon. See news review on GBD below.
GLOBAL DIRECT (GBD,CDNX:$0.92)
HIGH GROWTH - PROFITS - RECESSION-FRIENDLY
Another little jewel of the CDNX, GBD (19.9 Million shares - Fully
Diluted) provides customer relationship/customer communication services to
other firms that can be crutial in surviving an economic downturn. In
addition GBD's e-billing initiatives will offer efficiencies to help its
customers cut billing costs.
GBD does not deserve to trade at this level, but such is the market we are
in. The company announced revenues of $19.6 million, up 63%, as expected
and a record Q1: revenues of $7.58 million, up 100%. The net income for
the three-month period ending August 31, 2000 was $229,632 up 1160%
compared to net income of $18,207 for the first three months of fiscal
2000. ((https://www.newswire.ca/releases/October2000/19/c4515.html )
Last year's purchase of Jones almost guarantees 50% growth in revenues
right out of the starting gate, in the 2001 fiscal period. Additional
internal growth and possibly further acquisitions could help the company
achieve triple digit growth again this year.
GBD has recently made an interesting offer to acquire Cybersurf (CY,CDNX),
another Calgary company. If and when there is an indication GBD's
unsolicited bid may be successful, it will be time to look into the
synergy GBD sees in such a merger.
Expect more good numbers quarter to quarter, possibly further
acquisitions, and a move to a senior exchange.