I bought more shares in the low .20's
I would not be surprised to see someone buy GLGi, with a market cap of 6-7 million this is really cheap.
Anheuser-Busch InBev (NYSE: BUD) may have just received approval to make its biggest acquisition ever as the Justice Dept. signs off on its $107 billion merger with SABMiller Under the terms of the agreement, Anheuser-Busch will sell the Miller brand to MillerCoors and shed Miller's stake in the joint venture with Molson Coors (NYSE: TAP). Together, the two brewers account for 70% of the beer sold in the U.S., and in some areas, it runs as high as 90%.
In a statement announcing its signing off on the deal, the Justice Dept. said, "The two largest U.S. brewers -- ABI and MillerCoors -- will now remain independent competitors after the deal." Perhaps it would be more appropriate to say the duopoly has been institutionalized.
I think the pallet business will pick up if not this quarter, then by the next quarter, when it's hot like it is now they sell more beer, need more pallets. From 2015...
Warren Kruger, CEO, stated, "While the company's sales lagged for the reporting periods, the outlook for the fourth quarter is very promising with the fulfillment of orders for our seasonal customers and business from new customers." Kruger continued, "'We are excited about the future of the new slim-keg pallet, the versatile-new 48X40MVP pallet and our 37X37 beverage pallet as these pallets are testing extremely well."
Kruger adds, "Our entire organization is committed to the Company's goals, producing results that are in line with the expectations laid out in our business plan and continuing to build value for our shareholders. The diligence and patience exhibited while working through an extended series of challenges and opportunities will be rewarded. Plastic pallets are more frequently being recognized as a necessity rather than a luxury and our 100% recycled plastic products help the environment while providing sustainable money saving solutions. Growth is coming from a broad range of products and new product designs with concentrations in the beverage, agriculture, and pharmaceutical industries."
All this and the new customer that will need a 2nd mold ?
Everything is pointing up in my opinion.
