Post by
fergus2 on Jul 27, 2021 11:37pm
Q3 etc
To date this company has had a nice string of Q’s and even if this last one seemed disappointing to many, it was far, far from a complete miss. And the foreign exchange losses though sizeable this quarter, should, on average, over time, be very close to zero. Treat that as a one-off. GSI has money in bank and company is paying its way without tapping into the LOC.
In retrospect, I don’t think Dyment would prefer mixing other news with the Q3 NR. Far better to get it assessed on its own merits and move on. We know GSI has tenders in with Septa and the TTC and these can only be announced when and if approved. This can take time; it’s an open competition. GSI has fine products, and I assure you they will be a formidable competitor in any bidding process.
Re Fidelity: I’m glad everyone has finally accepted that Fidelity’s persistent buying here is not in the role of a market maker. The latter usually close out their position end of day and would never accumulate in the manner of Fidelity. I’m aware they could turn tail and sell like many others did today, but from the posts on the GSI board they seemed to be quite active on the buy side. It suggests they are not phased by the Q3 news. I’ll leave you to put your own interpretations on that.
Comment by
pantonor on Jul 28, 2021 9:14am
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