I read with a bad taste in my mouth, as I find it hard to credit them in actually saying they are disappointed with GCY, then they got their nice chunk of cash from the recent raising... still, I have found it rare to read a negative broker report when the broker was part of a recent raising. The revised price target is a hefty decrease which I don't think is clearly discussed, other than simply more conservative , but... it is what it is.
GCY management have clearly hunkered down as they know they have really dropped the ball, when this was the most pivital moment in the company since it was spun off from GIR.
Darn!!!!!!!!!
Anyway, perhaps I am doomed to trust a little to much, but I will continue to back them. Even RRL was brought low not so long ago, yet their SP almost hit 4x its lows last week.
Back to my cave.
GCY Price at posting:
29.0¢ Sentiment: Hold Disclosure: Held
