If it was that simple, all the investors in the world would've poured into the stock and the price would've shot up already @Thesi
don't worry, I'm not here to make your prime investment look undesirable, I just wanted to point out that some financial analysis done here have misinterpreted the financials. No hard feelings, ok? I was actually here to see what you guys thought of GXY because I wanted to buy in this morning, but instead I stumbled upon one person talking about gross margin and then someone else responding with an irrelevant mention of prepayments, and my nosy self just had to get involved. Haha
You guys can say all you want about how accountants look at past data (which is true) but it is with this past data that provides it with the invaluable foundations for it's numbers to be used in analysis (which you guys are, or should be, doing). Therefore you shouldn't discount it.
Believe it or not, all the numbers you all mention here comes from through specific accounting treatments and principles, and I personally find that fascinating, and hence why I love breaking down financial reports.
Anyways, sorry for stirring you all up. Hopefully we can all finish on good terms.
GXY Price at posting:
$1.76 Sentiment: None Disclosure: Not Held
I was actually here to see what you guys thought of GXY because I wanted to buy in this morning, but instead I stumbled upon one person talking about gross margin and then someone else responding with an irrelevant mention of prepayments, and my nosy self just had to get involved. Haha
