GLB sacrifice today's profit for tomorrow's gain.
Although sales will be at record high in 2005, they are on a market campaign sponsoring a few international events in surfing and skate board and at the same time reduce margin this year which will eat into current year profit. So they already estimate that this year's profit will be the same as 2004. Why bother?The CEO of course will benefit from this, because the expenses would be borne this year whilst the result will come next year. You can see the trailling stop loss jumped ship and at the same time accumulation by fundies.The company is definitely in recovery mood however they have not set themselves a challenging tasks. Sulks.
GLB sacrifice today's profit for tomorrow's gain.Although sales...
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