No matter how well E-Future executes, the rotational stiffs that inhabit this board will be unable to see their progress clearly.
Everybody is worried about putting a PE on this thing fast - wrong mentality. As you worry about immediate profitability, E-Future's management is building a business perfectly positioned over the long-term.
If the 2-3 million dollar hardware contract closed in 1st quarter this year vs 4th quarter last year, you'd all be singing the praises of 25% yoy growth. It's nothing but an accounting timing issue, and you guys think EFuture isn't growing.
It is, and it's absurdly cheap too, btw.
Doesn't matter, cause if you sell off, there will be buyers now. I guarantee that.
It ran to 50 'cuz it was China mania at the time. It is COMPLETELY the opposite now. The market hates China stocks. So, this may be undervalued as you said, but it doesn't matter until the market sentiment for Chinese stocks improves.
MMP - Profitability has eluded this company on a full annual basis for several years running. They may be building a foundation, but it isn't an unreasonable expectation for them to post a profit. Any profit at all would be very well received and do wonders for the stock price. That, in itself, would add value. As it stands, growth through acquisitions is a virtual impossibility without generating cash through profitability. Have you noticed their cash position is down significantly? EFUT should prioritize turning the corner from annual (not just quarterly) losses to small profits. I'll give them one more year, but if this stock price is still around $4 by then, I'll find someplace else to park my money where I can actually post a personal profit.