This is not a bad result, good sales, weak margins, expenses too high, so net very low. But hey.
Of course it was a known result from CFO IMO, so was a safe bet and predictable earlier announcement, no surprises and therefore no SP reaction I think.
So all the SP movement has probably already happened. And some are now capitalizing off it, (profit taking as someone said).
Turning around a company from such a dire legacy is hard work, and there is a lot still to be done, in marketing, sales negotiations, competing, operational costs, legal issues, so I hope the team is up to it. Some aggressive competition out there more closely aligned with regulatory authorities if you believe what you read.
Someone also said slow wins the race and I tend to agree, however a turnaround needs to show traction and it is time to do something better than average IMO.
Traction means that the next few Q's should continue the trend, else it is just noise from my experience.
This is not a bad result, good sales, weak margins, expenses too...
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