RE:RE:RE:RE:RE:Back in with 5530 shares todayEstevanOutsider wrote: Gamehost does a poor job at communicating with investors. I know a couple years ago I sent them an e-mail and it went unaswered. I again sent two to their IR simply about Q4 release and both went unanswered. Their presentation is from 2018. Their website is primitive.
Love the company and story but if they wanted to attract investors, it probably wouldn't be hard, just invest a bit into promoting a positive image of the company with a current presentation like everybody else does.
Thinking maybe a delay in Q4 for them to analyze business without restrictions and give better guidance or maybe even, information on the distributions? To keep the shareprice low to buyback some stock. Could be either or none or both!
Anyways, I agree, the gap up potential on this one is strong...
While lack of communication would be frustrating, it also signals that they operate a respectably-sized ship with very few crew members. One of the reasons why the company is head-and-shoulders above peers, when looking at profitability, is their ability to run a $200mm business with very few white-collar execs. Even the white-collar guys here are blue-collar. A stark contrast from the army of suits we saw at Great Canadian Gaming or the horde of execs at Gateway when it was an income trust.
I believe GH has approximately 4 executives overseeing approximately 700 employees.
We may not always hear back from their IR, but we know it's because they are busy as heck making sure the ship is sailing to the best of its ability.
Back when both Gateway was and GC were public, I would stack each of them against GH to compare profitability metrics. Gamehost was always the clear winner, in every category. Maybe not the flashiest, maybe not the most popular, but always the workhorse and the place where I believed that investor's money would be respected.
There are times when we have to wait for the next card to be dealt and I think that's where we are right now.
With that said, Estevan is a smart cookie. Glad they are interested in GH shares.
We should know more about the business outlook in 3 weeks with year-end financials and MD&A.