Wednesday, May 21, 2014

Grand Banks, sound like bank stock?

Sound like bank stock if you call it 'Grand Banks'. One of the leading manufacturers of quality motor yachts, Grand Banks Yachts Limited (also "Grand Banks" or "GB"). 

Grand Banks is a global brand known for its vast experience in manufacturing and selling luxury motor yachts. Headquartered in Singapore with manufacturing operations in Malaysia and marketing offices in Seattle, Grand Banks is recognized for superior quality and craftsmanship, and has built some of the most highly sought-after yachts available in the market today.
     pic from granbanks.com

Today, Grand Banks is supported by a total workforce of about 1,300 employees, most at its factory in Singapore (Loyang Crescent) and a larger production facility in Malaysia (Pasir Gudang, Johor). The Company continues to produce some of the world’s most acclaimed and highly sought-after motor yachts, selling in markets across North America, Europe, Australia and Asia through a network of authorized independent dealers. More information about Grand Banks and its three distinctive series of Heritage, Eastbay and Aleutian yachts can be found at www.grandbanks.com. 

Enough for story, let look at the chart, technically it is supported at 0.24 after pulling back from previous high price at 0.29. If enter, Place stop loss at 0.235-0.23  

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