I don't understand why the analyists are only targeting 70cents for this stock. I understand that the stock is now diluted but we now have big partners, a realestate market that has pretty much bottomed and is on the repair and in some of the countries we that are dominant in (China and Australia) the market wasn't really in that bad a shape (compared to the US and Europe), we have a packet of chash to spend and there are distressed assets everywhere. If GMG starts buying income generating assets with the new enviornment in mind and we get a bounce in realestate asset value, which is happen, shouldn't we get to at least $3 eventually? Twice the shares twice the company? I understand our gearing ratio won't be anywhere near where it was in the past which will limit growth slightly but i figure that will be traded off by the price of the assets we are going to purchase. I'm also wondering if the analysts like UBS are only short sighted? Just as the shareholders doubled down to kill the dilution effect, can't GMG do the same with the income and capital generating assets that are available?
GMG Price at posting:
$3.13 Sentiment: LT Buy Disclosure: Held
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