New visitor? Consider subscribing by RSS or by email.Global Aircraft Solutions (GACF.OB) announced disastrous preliminary fourth quarter and FY 2006 results, sending shares plummeting on huge volume. The severity of the reaction suggests that the announcement was unexpected. However, GACF also announced disappointing results last [...]
Your emails frequently ask whether I think shares in a given company are being manipulated by a practice known as naked shorting. Most rumored “naked short” stories, in my opinion, simply mask poor companies. However, there is no doubt that the clearing system could be tightened and oversight improved. Take a look at this 25 [...]
Shortly after the latest post on Gales Industries (GLDS.OB), the company announced that founder Michael Gales chose to step down “to redirect his efforts toward civic and philanthropic pursuits.” Nothing I see indicates an ulterior motive, and the move doesn’t really affect the day-to-day management of the company. CEO Peter Rettaliata will remain [...]
Three readers have separately asked me to look at Gales Industries (GLDS.OB) in recent weeks.
Gales is a rollup of aerospace and machining companies. All rollups deserve an extra dose of caution because they frequently look great during the initial rapid growth stage, then disappoint. That said, Gales appears to be on the verge [...]
