I first thought this company was suspicious in Feb 2018. It's...

I first thought this company was suspicious in Feb 2018. It's been up and down a fair bit since - I don't doubt you could make a lot of money day trading on the various bounces this company has. So what?

I guess we'll see in a few quarters. Either some of their business will take off - and I'll be wrong cleanly - or they'll buy another 3 companies and pull down another line of credit (in which case the shenanigans will continue) - or things will fall apart. Their last 4C showed them spending money like drunken sailors so we'll find out the wisdom of their approach quicker than I expected (I used to think GSW was an interesting example of a company with an insanely long runway, but they've changed that pretty sharply).