Eddie, Every time I mention it, I get a flashing pain in my gut. <G>
Seriously, their strategy of growing in Asia was, let us say, somewhat ill-timed. And, I absolutely hated their last quarterly report, where they blamed everything except Madonna for their poor showing. They were always more honest than this in the past.
O.K., that being said, they still have positive cash flow and the order flow is pretty good. Some day Asia will come back and they are successfully expanding beyond the basic paging equipment.
This is one I should punt, and, in fact, did, temporarily, for the tax loss, but I still think we have a $30 stock here sometime in the next couple of years and I don't want to miss it. However, unlike my biotechs and CEFs, where I am absolutely sure I will eventually make big bucks, Gems is more like Shiva in the "I hope" category.
MB |
