John,
I think the analysts will give GPW another look,and revise their projections, now that GPW is being so forthcoming about their financial position. They were acting like a privately held fiefdom previously, not a publicly traded company, and there are too many open-book companies out there for the analysts to spend much time with those that want to play their cards close to the vest. An open, learning, organization will surely win in this market, and if that is what GPW is now doing, I see no reason for the shares to go any lower. The next quarter is projected to have negative earnings, but that is probably already in the share price, and if the pain is small, or the financials surprise to the positive, then share price growth should quickly follow. GPW and their IR may have finally understood one of the oldest rules around - don't disappoint the market, nor the street whispers!
I certainly agree with you about the dilution here - I feel a little (unnecessarily) diluted by this one myself - but, if that's what it takes to grow to 'critical mass', I'm in favor. . .
Murray |
