Global Intellicom--Symbol GBIT Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Global Intellicom--Symbol GBIT

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: PaulB who wrote (721)	8/21/1998 12:06:00 PM
From: Dave Gore	Read Replies (1) of 1096

GBIT: WHAT's THE STORY? Forward PE of only 2 or 3?! Pros: Mature company who has made their mistakes, closed their unprofitable divisions, and refocused on their strengths Many strong contracts with Fortune 500 and Gov. entities, including two new contracts recently. I especially am impressed by the Lockheed Martin contract EXTENSION. An "extension" indicates that the Lockheed was very happy with them during the initial contract phase. Earnings per share are already 15 cents per share for the first half of 1998. The second half of the year is traditionally much stronger (see briefing.com, company reports) Company is full NASDAQ and fully filing CONS: Shorters and misconceptions about the convertibles. Company has taken major steps to lessen dilution and negative impact. Even so, if you look at the WORST CASE SCENARIO, and assume that all series 10 preferred are converted after Nov. 15, the shares outstanding and dilution would not be that signicantly impacted. EPS of 1998 would still exceed 30 cents per year, even in the worst case, imo. Now, how many companies earn 30 cents per share and are trading around $1.00 or even $3.00? Take a look at GBIT.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next