GLGI very cautious CC commentary especially versus last quarter that had an air of enthusiasm.
Sounds like the current quarter is weak and they are no longer willing to commit to 2024 being better than 2023.
"I -- there is a little weakness this quarter. We are -- I know that I will be -- I am not as pleased exactly at this moment where we are going through this quarter. So I don't want to put in throw any cold water on it. But most certainly, it’s -- we've had a couple of things on the sales side that have not happened"
"We're putting the pedal to the metal. I anticipate that it'll be, I see the long-term, you know, where we are long-term, I know that our numbers are going to go. I'm reluctant now to say I'm just going to surpass last year's numbers, but I do think our margins are much more favorable. So I want to talk more about margins than top line"
And before asked they hinted at this in the opening statements
"We are positioned very, very, very well right now. I -- we have -- there’s a couple of things that for me as a CEO are concerning and that's sales, sales, sales"
My take is they like margins and don't like sales levels going forward. The relative weakness today makes sense to me. I think this is something I might want to own at some point, but see no positive catalysts right now.
AI
