The COO of GIB states that the company could double in the next five years. Is that important? More important than being a well-run company?
His comment is an example of the phrase "Talk is Cheap". If the stock is such a good deal, why are only 8% of the shares held by insiders. One would think that someone with such a positive outlook would be buying as many shares as he could.
I finally have given into depair and bailed out. I'll miss some of the insightful postings and observations. Even some of the moaning and groaning has been entertaining if viewed in perspective and in moderation.
I suspect that Mr. Roach made that statement after some thoughtful consideration. Being Canadian, and fairly conservative by nature, i would assume that he said that for a reason. He doesn't seem to be an "off the cuff" kind of guy.
Doubling the size of the company is not very exciting, but doubling or trippling the size of the earnings and getting a few large organic deals would be great and create a lot of confidence on the street and with their own troops.
I am anxious to see what's around the corner in terms of 2nd qtr results, breaking of the log jam on some of the deals that they claim have been "delayed", and what acquisitions they're eyeing. Remember that they secured access to a fair amount of cash recently and have carefully divested of some non-strategic business units for cash.
My sense is that something big is bubbling and their confidence is growing about delivering the numbers. They have also had some big volume trading days over the last 30 days. It's not "Canadian" to deliver a positive upbeat message and especially to reporters unless there is actualy something to crow about. I suspect Mr. Roach is crazy like a fox.
That's a considerate response, but like I said, "Talk is Cheap". If things looked rosy, insiders would be buying like crazy. Action speaks louder than words. BTW.. how 'bout that college world series? I thought Georgia was going to take it, but the Sun Devils pulled it out.