Nope! I did not sell my GENCOR shares today
And I won't sell them at all this week, this month, or next month. I am in GENCOR Shares for the 3rd Quarter results. I believe in this company.
The massive sell off was extremely ridiculous! The actual current value of GENCOR should be $24 a share. Now it trades at $19? ... $19????? a share? give me a break!
GENCOR is a company that typically does poorly in the 1st quarter. It instead did real well. Fantastic even. So? The bad 2nd quarter was probably a symptom of having too good a 1st Quarter.
I'm thinking the Winter threw everything out of whack in regards to road repair orders.
I am shocked and appauled at what has happened with GENCOR over 1 bad quarter. Apparently, the first 6 months year to year growth was overlooked or just plain besmirched at.
I would have abandoned GENCOR in a heart beat if it weren't for the fact that GENCOR is a diverse corporation in construction and agriculture and is looking ready to expand.
But....If any upset GENCOR investor reads this. I emplore you to join with me in writing a letter to GENCOR asking them too initiate a Dividend. Perhaps the best way to share price recovery after a bad quarter is the dividend.
Look at VMC for a great example! GENCOR! You OWE us INVESTORS a DIVIDEND!