The lows are lowering, David BGII update
It's going to get worse before it get's better. Locals have a a general consensus that we'll be at .75 soon enough... I tend to agree. I'm not even the least bit worried or upset though...
These things happen, you go up, you go down, you go up, you go down. So long as the sum of the up's outweighs the sum of the down's when you decide to sell... it's all irrelevant...
I don't expect anything good to happen soon... and I couldn't be more complacent. No worries on my front, it's not a pretty battle but hey what is. Supposedly... once the paper work for the patent in the PRC is finalized an order is going to follow... this is what I've heard.
BGII... heh... supposed earnings of .30 per share this quarter... book value plus cash and current eps is at .22 per share +/- plus .30 is .52. Times 4.46 P/E = $2 stock... can we do it? "We have the technology."
The 2nd Quarter is what we need! The reason the stock is diving is cause the CEO won't return any phone calls... can't for the life of me figure out why... maybe he just doesn't care about the shareholders... which is fine so long as he runs an increasingly profitable company I couldn't care less whether he likes me or not.
