Glentel Inc GLNIF

Q2 Analyst in Dreamland!

[PRObono]

 One analyst (Globe and Mail) gives GLN a 34 cents per share profit! Thats 55% higher that last years  Q2.  That's way too high, where does he get his numbers from? The sky? That's really too bad because the real profit will be somewhere in the 20's and it will look bad for GLN. At least Bloomberg has a second analyst at 23 cents averaging out the two at 28 cents which is more realistic.
 That one analyst at 34 cents is obviously manipulating the stock...making it drop so he can load up!  Very frustrating, these analyst have way too much power!  

PRObono 

[Robert40]

You are not comparing sales margin that is a real measure. The fact is sales have doubled from 293,000 to 626,000 but income per share has not doubled from 37 cents to 74 cents but increase is minimal by 2 cents i.e. from 37 to 39 cents. In reality extra sales have not generated extra income but margins have droped by more than 50%. Secondly business centre losses have quadupled from 100,000

[McRambus]

Thanks Robert40. I agree the earmings were awful. Double the sales with the same net. Also double the amount of stores reported. Can say I've never seen something like that before. Business division is a relic that never contributes to the bottom line. The commisions the telcos are paying has collapsed. Someone also posted that insiders have sold a ton of shares at the same time as the company

[porksniffer]

Everyone agrees earnings were awful. Margins have vanished. Makes one wonder how much the telcos have cut commisions and why the company is looking to Asia for any growth. Looks like the cellphone plan has been commoditized. Also lots of start up costs with the Target rollout eating earnings. Still, flat earnings with double the sales is a disturbing trend. The opportunity is with Verizon. Glentel

[ascii2]

Cash in hand has increased from 23 million to 45 million. That is $2 per share. Dividend paid approx 6.4 million, yield more than banks. 57,175 shares were purchased for cancellation out of 500,000 common shares under normal course issuer bid.  Shareholders yield increased. Only 22,404,000 total shares. Target Canada has licensed GLENTEL to open and operate in 2013 more than

[ascii2]

Glentel employs over 3,700 employees and operates more than 1,200 locations. It runs such a lean and thin operation, if you do the math that works out to just 3 employees per location. If you take the cash out that works out to forward PE ratio of less than 9. In next 5 years all 1200 stores will be paid fully then what?? Target has more than 1700 stores in north america, Diamond wireless

[ascii2]

I guess all Glentel needs now is George Soros or Warren Buffet to take a stake in GLN or Carl Icahn to tweet about it. I can talk to Skidmore's and tweet about advising them to buy back 1 million shares from their 45 million dollar cash for just $14 million and hope to see EPS go up by 25% and share price to $24 since floating shares are only 35%. Warren Buffet says "Alway flow against