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Groupe Dynamite Inc T.GRGD

Alternate Symbol(s):  GRGDF



TSX:GRGD - Post by User

Comment by Lllennnon Nov 21, 2024 2:58pm
40 Views
Post# 36324444

RE:don't get it, why invest in such stock

RE:don't get it, why invest in such stockDon't buy Ret or Ret.a it's a huge value trap. Most on the board are pumpers to unload the stock, management exercised options and dumped them at $2.68 ish, they have a buy back but have bought very little if any, management salary is 309% above fair market, they have 150 stores to many. They buy products using usd and cdn is weak and skidding further. Its not a growth story, the spend 14 million on trac they don't need they spending 34 million on capex which is a total waste and just money to insiders imo. 12% of SH voted against management and it might be 25% this coming AGM imo. Management only takes care of themselves imo. Last quarter they reported  "Strong Q" but it was total fluff at best. They missed earnings and not likely to catch this year imo. They have cash and no debt but the cash is required to buy next years merchandise. They cash is only good for 12 months burn then they can go into 155 million creditors facility imo. Be very careful as they came out of proceedings and issued 4 million shares for cash to pay management imo not fact imo.
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