RE:The next GSYWhat is your outlook for GSY, is there any upside left for it or do you think I should hop off here and go to a bank? ..........I would also like to know which bank would be your favourite, even if you recommend keeping GSY?
We feel there is still upside left in GSY and we continue to like it at 9.6X forward earnings. As a smaller play, we also like PRL, although it has less history and more volatility than GSY, but its recent results have been encouraging. GSY has been consolidating sideways for a few months, and we feel that it can continue its upward climb if next quarter's earnings results are positive and the overall markets continue to move higher. We would be comfortable continuing to hold GSY here. (5iResearch)