Post by
ramman1 on Jan 12, 2021 5:43pm
Starting to get very frustrating
Seeing today,that NFI group has a large bus contract with CTDOT (Connecticut dept of transport) ,12 new large busses,with option for 63 others. --No word of course ,of further options in that contract ,like ITSS modules,with that order.------ Fact that going back 3 months now,of Ms Hudson being promoted to VP,ITSS roll-out ,business activity,yet not one PR ,''since'' that appointment. ---- Dyment did say that small,incidental sales may not get to a PR, however with nothing being announced ,momentum is stalled .--Q 1 comming up is going to be ''stellar;;,however it does represent the end of the 6.3 mil Septa transit contract, and with nothing new,re-occuring revenue ,will start to diminish. ---Thats all reflected in the current stalled share price. Quite frankly ,the products of GSI are all in the sweet spot ,whether it be swing arm,transit PaaS,or ITSS , and the quality of products are second to none, however this lack of product contracts,is starting to get frustrating.
Comment by
iTrader2K on Jan 12, 2021 7:01pm
Well said. I've expressed my frustration several times already in regards to the lack of development. We've had virtually nothing announced in the last 3 months. I'll be selling my position post earnings for this reason. I don't have confidence in Doug's ability to replace the SEPTA contract and don't want to be around for the fallout.