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Gold/Mining/Energy : Global Thermoelectric - SOFC Fuel cells (GLE:TSE) -- Ignore unavailable to you. Want to Upgrade?

To: Claude Cormier who wrote (5524)	7/4/2002 3:26:03 PM
From: Vitalsigns	Read Replies (1) \| Respond to of 6016

BLD still headed to my $19.40 target , so as long as the market leader is trending down, the others will continue to feel the pressure. BLD came within $3 of this low so far from recent mid $30 levels. GLE trades below Cash on Hand, has not diluted shares, uses it's cash very conservatively and issues very little options to management. Executive payroll is very reasonable and they do not Hype the company. In this environment of accounting scandals, Options Dilution, share dilution and executive pay excesses it would seem that GLE is part of a very small group of companies that would be considered speculative value . You have to measure downside risk to upside reward, What is real downside risk when the total value of the company and it's liquid assets are more than the current value of the share price? Sure the market may try to take the share price down some more , but that is whats called shaking the tree. They will want your shares soon and they will do anything to get them . Sock them away for a year and don't bother to get caught up in the games and negative press campaign that is likely to precede a shakeout to get your shares. Jim has said that this year is supposed to be a defining year for GLE , Peter said that in the Fall much more information will be disclosed to Shareholders. Read between the lines ....... WHO in there right mind sells a company trading at less than it's cash in the bank. When I buy a business these are the types of deals I look for , then I wait for the market to come back to it's senses ,this gives me low risk , high rewards deals. They don't come too often , but when they do, you jump on them . Cheers. Now back to my hole. Vitalsigns