I like to think I was always talking common sense! Previously I had concerns about money spent expanding hindering the bottom line in the short term. That was fair then based on the results at hand. However, we are seeing evidence that the bottom line isn't suffering as much as it could have. Based on the 8m EBITDA number we could see 50% EPS growth minimum which I will be stoked with.
I've always been a fan long term - it's the short term bottom line that I needed convincing about. And the Q1 numbers have indicated positive things.
MBE Price at posting:
26.0¢ Sentiment: Buy Disclosure: Held