We will find out on Tuesday whether the market likes this news. On one hand, the departure is sudden and without a named successor. That suggests the possibility that another shoe may drop. On the other hand, Bradford was not liked by many shareholders and his departure may be applauded. Some are already speculating that his exit clears the way for a potential takeover. Bill Cara called GSS a takeover play last October, and others have echoed that sentiment.
For now, I am sticking with my long position in GSS. If you hear anything on the company, please leave a comment or drop me an email.
Disclosure: Long GSS.
GSS 1-year chart