GLE is a family business. Family of the founder holds like 80%+ of the shares.
Pros:
+ The business is very well run and monitored by the family.
+ They are producing anti bacterial masks (top market share in Singapore), super essential goods right now. I don't think covid is going away. We pretty much need masks for the next 5 years.
+ Handsome dividends.
Cons:
- Liquidity like a rock. Everyone's hodling tight to their shares. Who wants to sell at this absurdly low price?
- The public has practically no control of the company since the family holds the majority of the shares.
I am hodling for the dividends. I will get my money back in dividends over several years. Not expecting any capital gain.
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