Post by
msillusion on Sep 17, 2012 12:44pm
Glentel up 12% today
I assume the pop is related to iPhone 5 and the low liquidity of GLN traded on TSX. I read somewhere that GLN owned several stores selling Apple products. How do I verfiy?
Comment by
Tobuyornot on Sep 18, 2012 7:06pm
Part of the pop had to do with the renewal of the Costco contract for 2 more years. Nothinbg like a captive customer...
Comment by
msillusion on Sep 21, 2012 3:51pm
That is part of the reason. Costco and GLN announced on Sep 13 the license agreement effective on Sep 2. The share price moved on Sep 14. Bbut the pop was on Sep 17 when Apple announced the pre-order sales and the launch date of iPhone 5 on Sep 21.
Comment by
segltech on Sep 21, 2012 6:30pm
In addition to what has been mentioned lately, they have 3 Apple stores in BC and also handle the popular Samsung phone at costco and all their other locations.They are grossly undervalued.