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larrybaz

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larrybaz

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Re: researcher59 post# 112336

Wednesday, 04/17/2024 8:57:42 AM

Wednesday, April 17, 2024 8:57:42 AM

Post# of 113276
GTEC - I'm sure management will try to accentuate the positive and try to downplay the $34M that went "poof" off their balance sheet! Looking back, this company never seemed to receive a fair valuation, and now I guess I know why.

I did a search on finviz for companies with a price/book of a maximum of .25 to 1 and a p/e ratio of less than 5. It returned 22 companies. Ten of them were based in China. As the guy who found his wife in bed with another man started to say, "Honey, if we don't have trust......

I have seen lots of $1 stocks with strong earnings and solid balance sheets triple, quadruple and more, but I have yet to see one go below zero.

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