I have been thinking about the long-term prospects for MYQ.
I was surprised to see such a good financial situation arise in the most recent quarterly.
We can anticipate the launch of several new apps in the next six months or so (Bearn, Boditrax, UFC guy, plus potentially others).
It's expected that the company will be making a (potentially substantial) profit by the end of the year.
My question is, what will they need to spend the money on? I would anticipate that the NASDAQ listing will generate ample money for additional research and development activities.
Is it possible they could be paying dividends in 12 months or so? Or am I just getting way ahead of myself? Would be keen to know the thoughts, in particular, of informed posters like @Day424.
My original intention was to sell a little over half my holdings at $2, but if dividends are coming sooner than later, I might need to change my plan.
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