Post by
robert1229 on Nov 25, 2013 11:20am
collegial comments in response both to Sir Holler and to Ric
Good morning folks,
I am new here. I made an investment this morning. The company caught my eye over the weekend. I think that, within the context of Venture-listed shares, the risks here are only moderate. With regard to the rise in inventory, I will recite a folksy nostrum (which I learned from a successful retailer many years ago). "You can't sell goods from an empty wagon."
My retailer-friend was notable for always having a large inventory in her shop. She loved to have quality merchandise on offer in every size and color. Because she was such a successful small businesswoman, the manufacturers' representatives who used to call on her referred to her with great affection as Mrs. Marshall Field. In our little midwestern town in the US quite far from Chicago, my friend was the first merchant to install air conditioning in her store. Her thinking was that, on the hottest summer day, the clientele would visit in order to cool off, and while cooling off, they would find something nice to buy. So a modest rise in inventory at IGW seems ok to me. Just my opinion.
I see IGW as doing several right things. Having agreements with Gulfstream and Bombardier is, in my opinion, no small accomplishment for IGW. Having a senior executive who has a long history at Air Canada suggests a promising future. The August 27th purchase of an extra 50,000 shares by the Interim President/Interim CEO is notable too (I hope!).
Plainly, all of the above constitutes no more than my impressions. I urge any prospective investor to do his or her own careful research. I have been in the markets in the U.S. and in Canada for a long time; although I try not to make mistakes, I still do make them sometimes.
Good luck to all in this new week.
Rob