re: increased trading volume chart
I sold out of my Globe not long ago got sick of the up and down price action that trended sideways. Better opportunities out their in the end .
Fundamentally the company is not in a strong position. They have just sold off 35% of revenue producing brands they have shown declining profitability and the managment team is questionable.
That being said I think the company can turn things around in the medium to long term. However with the company over priced as it is at 50 p/e ratio even a good year in sales and minor increases in the sp will continue to see it overpriced.
GLB Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
