Good points blobbie. They did state in their October presentation that overseas operations were cash flow positive and producing an 18% margin. At the end of that presentation they then said in the Q1 conclusion that there was "Strong cash revenue growth as overseas operations come online".Q2 and beyond they then stated "Increasing contribution from international operations"
I believe this pull back is completely normal and has nothing to do with the company and how it is performing. Investors who have been in the stock for less than a year have made 10 times their money and there is probably a lot of profit taking and maybe now some fear that the share price will drop further. If the company continues to perform as it has in the past and maintain growth in cash flows it will drive the share price up and investors existing and new will be jumping in fearing that they will miss out.
BIG Price at posting:
$3.55 Sentiment: Buy Disclosure: Held
