• Gloria Kessler
    $BAM Is it time to change mgmt for a turn around specialist before losing more equity of GTI?
    2/28/13
    Reply (14)
    • Arkeh Capital: I guess that is something shareholders have to decide upon, not shorties. Management is fine.
      2/28/13
    • Arkeh Capital: Too my knowledge GTI has not lost any equity. they bought back stock at today's book value; Seadrift acquisition is strategically fine.
      2/28/13
    • Arkeh Capital: Company is proftitable. Any chance you come up with a reasonable statement, Gloria?
      2/28/13
    • Gloria Kessler: LOL. GTI stock buyback between 12 to 14 and stock trading at 7 makes it unprofitable investment for GTI
      2/28/13
    • Gloria Kessler: Right?
      2/28/13
    • Arkeh Capital: On Sharebuyback: Results release, see balance sheet under equity, number of shares bought and amount paid. You are wrong, Gloria, as always
      2/28/13
    • Gloria Kessler: What is the price?
      2/28/13
    • Arkeh Capital: 10.19 per share.10.2m shares, bookvalue is 9.99
      3/1/13
    • Arkeh Capital: (and book value is depressed by significant foreign production assets and strong dollar)
      3/1/13
    • Gloria Kessler: Book value definition is so mis-use. Tangible book value?
      3/1/13
    • Arkeh Capital: Impairment test was DEC, all Goodwill is Seadrift, 140tmt of needle coke, vs GTI G/E capacity of 255tmt. GTI can utilise 100% of Seadrift
      3/1/13
    • Arkeh Capital: ie secure full utilisation once P66 contract is gone end Dec13, even with only 55% of GTI capacity utilised. What impairment risk do you see
      3/1/13
    • Arkeh Capital: with needle coke capacity being much lower than G/E capacity in the market and scrap supply in China growing??????
      3/1/13
    • Gloria Kessler: asking you how you derived book value at 9.99?
      3/1/13