Global Election Systems, GSM.TSE ,explosive growth, low PE Message Board

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Gold/Mining/Energy : Global Election Systems, GSM.TSE ,explosive growth, low PE

GSM 4.930

-7.2%

Jan 16 9:30 AM EST

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To: BEEF JERKEY who wrote (287)	11/21/1998 1:30:00 PM
From: Ciao	Read Replies (1) of 333

Results are somewhat disappointing. Now we know why this stock has been sitting down at the $2 level. Taking into account the higher R&D expense and decreased writedown from previous quarter, earnings are still about $200,000 lower. Seeing that Q2 is traditionally weak as well and with more shares o/s now, this stock could be an underperfoming for the next few months and a tax loss seller as well. I had to unload half my position on Friday as I've been able to find better stocks to invest in (ie. MTM.T/M, CCR.T, CRL.C). If Canacord hadn't issued a buy recommendation, the stock could have had a bigger freefall on Friday. That may still occur on Monday. Whenever earnings are released late, most of the time the news is not good.

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