Post by
ascii2 on Sep 18, 2013 8:39am
Go GLN Go
Shares held in an escrow account and in most cases cannot be traded or transfered until certain circumstances like time horizon have been reached. The use of escrow for holding shares is often done during acquisitions and for performance-based executive incentives. Glentel purchased several companies in past couple of years and time horizon have been reached. Owners of companies may have decided to dump shares because they needed money for their other ventures or decided to retire. As far as GLN is concerned number of shares remained the same and normal course issuer bid was on. So sooner or later it is going to reach its target stated by analysts. With 3.8% yeild that is better than banks, cash in hand, closing of money loosing business centres one by one and concentrating on core retail business, seasonally profitable 3rd and 4th quarters, we don't need anyone really to tell us that it is a win win situation. I see it soon touching $24-25 as soon as escrow share sellinig is over.
Comment by
McRambus on Sep 25, 2013 3:38pm
Go GLN go? Seems to be going down despite your cheerleading. If this is such a great stock why are insiders still selling daily?