Recent drop
Lack of transparency for competitive reasons we are told. I’ll accept that premise, it makes sense. We don’t know contract amounts, this leads to an inability to speculate about earnings. We don’t get much promotion, we get the yearly AGM but no conference calls. Add some quiet periods without contracts and this is what we get. I have dabbled in other plays in the past and this is the only microcap where I can sleep easy with a large position. The 1.30-0.85 move was a big swing on paper for me but I had no reason to sell at 1.30 and even less now given what I think is fair value of this company. It’s like the market is completely doubting GSI can land the SEPTA contract. I don’t get it, there are Pennsylvania news articles describing their intentions and Doug has mirrored the same statements. Whatever. The drop was disappointing but I wasn’t going to sell then anyway so I’m over it.
Good luck everyone