RE:Good time to add more?Dunworkin2 wrote: My non-scientific, year-over-year comparison of GSI news releases for the month of June indicated the following:
June 2019 = GSI had 12 news releases mostly related to school bus deals, and that was during covid
June 2020 = GSI has had 1 release to date
SO what??? I think we have much more upside potential than downside risk, assuming there is no massive collapse in GSI's business, which I don't expect given the increased pilots announced in the last two months.
Add in the fact that kids will be in school come September and that means getting buses ready and equipped by September. More school buses will result in more business for GSI, plus i see more people (not all, but more) returning to their offices come September so more public transit contracts should be coming along.
Bottom line for me: risk to the downside could see us back in the 50's if there is a broad market collapse, but upside could be a lot higher with news releases on new deals. This is a good level to pick away at and add if you are still building a position.