Gamehost Inc T.GH

Moving Along

[TheBridge]

Comforting to see GH as one of the few stable performers in the market. It's getting harder to pry these shares away from the current holders, the result of some confidence in the management and the Alberta economy. Mark Rendell's article on the IMF report in today's G&M, "IMF cuts 2023 forecast, warns 'worst is yet to come' for global economy" makes it  look like we'll be waiting a bit longer than previously anticipated.
Just inserting two paragraphs from the article.
The IMF is warning that more than a third of the golbal economy will contract this year or next, but says that central banks need to continue raising interest rates to get inflation under control despite the economic pain this will cause.
The IMF downgraded its 2023 growth forecast for Canada by 0.3% points to 1.5%. That's lower than the Bank of Canada's forecast from July, but still puts Canada ahead of other G7 countries, except Japan.

[cpeczek]

Canada will continue growing as long as they keep adding new people and we are doing that in a huge way. April 1 to July 1 added 280k people, 93% from immigration. That's a 0.7% population increase in one quarter. Alberta is ahead of the pack with a 0.89% increase at just over 40k people (just population growth not including movement from other provinces there). There is lots of problems with

[anjz661]

It has been a consistent performer with all things going on in the market.

[malx1]

You bet, because GH's operations are concentrated in Calgary, Grande Prairie and Fort McMurray.  Years ago, people often cited the the risks of "only operating in Alberta".  Now it's the other way around.