TSXV:GAR.H - Post by User
Post by
tanoon Jun 20, 2003 1:11am
111 Views
Post# 6187341
New to stock - Need help!
New to stock - Need help!I discovered this stock by accident tonight. It does look cheap
based on the co's first quarter numbers. The company's balance
sheet looks pretty decent also.
However, I notice that the company lost $.22 last year.
MTAnderson also aluded to the fact that, in previous years, the
company's performance in the remaining 3 quarters has always
been dismal. Why is that the case? Is this about to change and,
if so, why?
I also noticed that the stock price was around $6 in 1998 and
has been declining steadily since then. What is the reason for
such a steep drop?
Finally Gettingtechnical posted a while back that R. Chaney &
Partners, a Houston firm, owned 20% of the outstanding shares.
Is this still the case? Are there other big shareholders besides
R. Chaney and the Garneau family. I gathered from your
messages that the Garneau family owns the vast majority of the
stock. How much stock do they own? Do they have a good
reputation or is this another one of those public companies
that's run like a small private company by one family who ignores
the other small shareholders.
Thank you in advance for any replies.