GEM
📉 The company announced it will not pay dividends for several months due to poor financial performance and liquidity issues.
⏳ While not officially in default yet, Gemsa has been given a 30-day grace period to resolve its payment obligations.
⚠️ The situation highlights the risks associated with investing in companies without thorough due diligence, especially concerning their solvency.
@marcosemmimfp:
“Gemsa. Yes, I found information on Gemsa. It also said it won’t pay dividends for a couple of months, and the company’s profits were down. I mean, there were several things that were wrong, eh? And well, that’s why it’s not in default yet, because they said they put it in default. No, it has 30 days to sort that out. I think it’s 30 days, and with that, listo… Gemsa didn’t default. What Gemsa said is, ‘I’m not going to pay dividends.’ And that’s when it plummeted. Yes. Why? Because I’m not solvent and so on. And they gave it, I think, 30 days to fix the situation. If it doesn’t fix it in 30 days, then yes, come tell me, ‘Marco, did you see it defaulted?’ In the end, hadn’t it already defaulted? No. And well, that, nothing, may God have mercy on all those who bought that, I have no other way to put it because basically, they see the returns, they don’t see the stock, they don’t see the, I mean, they don’t know the type of company they’re getting into and so on. I understand that maybe the broker sometimes offers it or things like that, but you have to grab it and study it a little bit if they are blue-chip. Pampa, IPF, Galicia.”
Watch the exact part of the video where @marcosemmimfp talks about Gemsa here:
Watch the video on YouTube
Read more articles by the world’s top 100 analysts on Gemsa (GEM) at the following link. GEM stock.
