Update may be seen as a profit downgrade, but perhaps not as much of one as the market had already priced in. And even accounting for the downgrade, RZR doesn't look too expensive - particularly if the "improving outlook" is considered to be a fact.
Also positive to hear that they are close to a new licence deal - so possibility of a good announcement on that front in the next month?
Market cap at 2.7cps is still only $7.7m and company remains profitable, so room to move forward from here.
RZR Price at posting:
2.7¢ Sentiment: LT Buy Disclosure: Held
