TRADE UPDATE – GSIG
I have reentered GSIG at an average price of 11.95. I have a long history with this company. I bought them when they were still in bankruptcy and court in an effort to preserve shareholder value. I originally got into the position at $2.55 during the first quarter of 2010. I sold it in the $12-$13 range during the first quarter of this year.
I have mentioned the company quite a few times when it was trading under the symbol LASR and the current symbol GSIG. All the research you need is here for when it was symbol LASR and here under symbol GSIG.
Cash flow positive. Trading at a very reasonable multiple to earnings and revenues. Still being valued as if the black cloud of their previous history is lingering over them despite a brand new management team. The stock is an easy double over the next 12 months.
