Let's think about this stock---GTTIF.
1. P/E is about 1.
2. Book Value is above $2.
3. There are 3 lawsuits, which are very uncertain right now. It seems that the company definitely would lose some money on it. The question is how much. We'll see the results in the early next year.
4. GTTIF owns about 10 million shares of Nakamichi, which is traded in Tokyo stock exchange. As the close of this morning, Nakamichi is Yen 505, which is above $4. It is about $40 million in total comparing the maket value of GTTIF less than $14 million.
5. The management's stock option is $1.5 and above. That is, until the stock goes above $1.5, they could not make any money.
6. The short interests is about 60,000 shares dated on August 25th. That is, someone is selling short on this company. 60,000 shares is not a big number, but considering the thin trade in this stock, it could move this stock a lot.
7. The company lost a lot of money in the past. It is bad for the past, but it is good for the future. "The company has available non-capital losses for Canadian income tax purpose of $46,611,000 which may be carried forward to reduce taxable income in futrue years." "The company has available non-capital losses for Hong Kong profits tax purpose of about $28,849,000 which can be carried forward indefinitely to reduce taxable income in future years." I believe that it means a lot of money when the company turns to profit in China.
8. The company has deducted all the bad business in China and set up some new business which should make money soon.
9. The company has been buying back its debenture and reduce the debt.
10. There are no big institutions following this stock. There are only two shareholders attending the July shareholder meeting (I am happened to be one of them). Hence, there are big potential for this stock.
Note that I am just a shareholder like you and has big position in GTTIF. I am accumulating this stock and looking for making big profit in one year. There are someone trying to make this stock lower through selling a small amount of shares every morning. But I am happy about it since I could buy at lower price. Unfortunately, the seller is not doing his job today and make me wonder why. The earning report should come out in three weeks. We'll know more about the company then.
Happy investing.
Albert |
