Global Yellow Pages stock closed at $0.25, some 43% discount off its stock price year-to-date. Global Yellow Pages had announced that it expected to announce a set of non-stellar results due to the writing-off of some millions of dollars; the stock markets reacted to the announcement and sent Global Yellow Pages stock to a price-level the markets are seeing now.
For investors who have Global Yellow Pages stock, my advice is for investors not to be demoralized but to hold on to this stock as Global Yellow Pages is a stock with growth catalysts. The recent sell-off in Global Yellow Pages stock was further “exacerbated” by the sell-off in Singapore stocks generally. Global Yellow Pages stock price should rebounce after all the “selling sentiments” in the markets have “waned”. I also would think investors should digest the corporate results of Global Yellow Pages (to be announced) before deciding on ......