Outsized resultsBecause of the covid, 2021 and 2022 results were outsized not only for GDL but for many others company.
That been said, it did transformed many balance shhets for the good.
I went and did an average of the EPS and sales for Q2 of 2009 to 2020.
Average EPS comes at a profit of 26 cents will average sales came at 134 million.
The low on EPS is a loss of 7 cents(2017) and the high is 45 cents (2010).
As for sales, the low is 104 million in 2020 and the high is 167 million in 2016.
Lets see what they do in this coming quarter.
On thing is for sure,with a book value of $20.18 at the end of Q1 and we know that the
real price of these deeply depreciated assets are worth at least $25 if not more, the
downside is minimal.
I am not saying that some investors could not push the stock $1 or $2 lower because
of the tiny float bu tit would come back.
Staying long on my small position in GDL