Many here expected a big crash in the share price today after reading about $20 million goodwill write-off. However, the market has responded with an 11% rise in the share price realizing that the company is about to turnaround after correcting its mistakes. It is hard to overemphasize two facts; (1) the company has recently hired a performance marketing expert and (2)its new focus area of DPM has grown from $6.5 million to $8.4 million at a rate of 29% growth. I expect a rerate over the coming weeks.
IMS Price at posting:
3.1¢ Sentiment: Hold Disclosure: Held