re: Geoff, what price runs you off?
jeff, trying to pin down or define the price that runs me off of GSAT, at this point, is like trying to pin down or define quality and/or pornography: i can't plainly state it, but i surely know it when i see/feel/taste/touch/smell it!
the reason i'm here (and abiding my time for the "i'll know it when i see it" run off moment) is that GSAT, The Not So Currently Beloved (aka the reincarnation of The Dearly Beloved), is a straight forward #1.) diamond in the rough/downtrodden company; #2.) operating in a presently out-of-favor market sub-sector; that #3.) is being successfully turned-around by new management that #4.) has demonstrated itself to be above board, ethical and put itself "pari passu" with us, The Common Shareholders.
it's in situations like these where i just load up the boat -- buying heaps on the cheap -- sit tight, be patient while enjoying the (wild) ride up as Mr. Market takes notice and (re)recognizes intrinsic value.
someday at sometime in the future, this will become A Story Stock and A Most Dearly Beloved again (and Most Rightly So!) and its share price will #1.) first exceed cash value; #2.) exceed book value; #3.) attain a reasonable P/E ratio and then #4.) go into the stratosphere where "unreasonable" P/E ratio's, multiples and such become present... and is at that point, i'll be exiting -- at what price or point that is, i don't know but i do know that i'll "recognize/feel it when i see it"... and i'll be sure to disclose that "feeling" or "seeing" here when that day comes... my intuition/gut feeling is we are still at least 18 to 24 months away from that kind of ramp/multi-multi bagger scenario. in the interim: it's patience and deep breathing while Our Management Team has their collective heads down and shovels full further building and executing on the foundation and firm footing that thermo has established and done nothing short of a Yeoman's Duty with respect to achievements in this (formerly SHORT) shareholders opinion.
hope this helps!?
sincerely,
geoff
a happy and soundly sleeping GSAT shareholder |
