I looked at the Jifu numbers combined with xcel numbers. Together they will be profitable next quarter. That will be a big step for them. Add in the new revenue from the smartwatch and the year end will be great. I am buying more before next quarter.
I agree with you. Profits are coming soon. The bashers and doubters will wish the bought in. You can buy 150 shares for the price of a dinner out. 2 years from now those same shares could be worth 3000.00. Just think what you could earn if you bought 1500 shares. I have close to 70k shares and will stay long for the long hall.
"i will stay in for the long haul"...does that mean until there is a spike when you will unload half/all of your shares while telling others to continue to buy...?
remember Casio...? they had a wearable computing device as well that was going to revolutionize electronics. just another fad they have hitched their wagon to to provide hope and dreams of riches while the shareholders slowly forget about the last big thing that failed - Mach 5
I"m curious as to your assumptions used for this projection. I would hazard that expenditures related to teh smart watch will increase in the near term, which I would gather would eat into any potential proift considerably. Could you post your assumptions? Things are looking up, but I don't see profit until the watch is released in December/January. (I could be misunderstanding you, and you may mean that quarter too...)
I looked at that at the statements and projected forward. It looks like a profit and I assume there will be some reductions as they integrate together. From the press release the smart watch will be launched in December. They will need to build inventory. This is not an expense but will be a cash burn and an asset build up.