Post by
shareswapper on Mar 18, 2024 11:19am
Kicking Butt
We see the first bumps now as the Company trims the Fat, lowers the cost structure, puts some severence coin in the Bank and gears up for improving sales and lowered expense. Second half of 2024 will see Interest Rate cuts, cheap money and the return of GDNP to full steam ahead. I'm predicting a recovery well past $1.00/share unless Munford gets his way. Undoubtedly we are up for sale and they can either take us cheap now or pay a whole lot more later. Good Luck Longs!!
Comment by
Chitoryuteacher on Mar 18, 2024 3:04pm
You think we will be sold? Or with the state of the company improving would they hold out for a while? Paul has stated years ago, before the crash, his price was $5 per share to sell. Seems like selling for even a $1 a share is a huge disappointment. The markets will turn eventually. It always does. I was hoping they would ride it out.
Comment by
tinselfarm on Mar 18, 2024 3:50pm
Paul said that when a $5/share would have been about a $500mm market cap. With the o/s shares today that would mean more like $1.50 per share. Tough to say which direction this goes though. Do they keep plowing through or sell. If they sell I suspect it will be a good price as there is no need for any deep discounts. Next few months will be interesting for sure.
Comment by
shareswapper on Mar 19, 2024 11:23am
Maybe if we start pounding out successive improved quarters they will stave off a sale but it's really up to major shareholders like Munford on how much patience he has. His cost average is low and he may very well be happy with a Buck / Share or less. We will know soon enough
Comment by
shareswapper on Mar 19, 2024 11:26am
Only way to stay ahead of it is average down if you believe in the H2 rebound coming