I'm still here, lurking 99 percent of the time. Didn't sell, in fact bought more. To pay .75 for a stock with earnings in the neighborhood of .30 makes the stock way undervalued imo. Right now with the convertibles coming up there is reason the price is where it is now. Where it will go afterwards is anyones guess, especially now being on the BB, but I think it will head back towards $1 before too long. The IGHS buyout offer adds interest to this stock. Just a simple computation, but say they earn .30/share this year, and give them a P/E of 5, it would indicate a $1.50 value of the stock.
GBIT, trading on the BB is a better bet than alot of other BB's if that is your game, we know its a real company, making money, and have financials we can look at. Its a risky one without doubt, as just about any stock, but imo, I see more upside potential than downside, the price is right, and I have the time to wait.
Good luck to all!
alan |
