2013 EFUT $25 a share!! 2 for 1 split by 12/2013$$$$$$$$
Doesn't seem like a smart seller. Just dumped onto the open market into strength. Perhaps dumb money. Really don't know who it could be, as their aren't that many shareholders remaining... E-Future keeps getting accumulated.
The only good news is the increase in volume allows the company to speed up their buyback.
Was really hoping we'd slowly move up to $5.00 and get back to where we were 2 years ago.
Totally disagree with 3rd quarter earnings being bad though Kay. They were great. Margins expanded broadly, and E-Future changed the way they recognized revenue recently, as they are only recognizing revenue upon completion, not at milestones on the way to to project completion. This means that contracts signed this quarter which would have previously been 33% recognized upon the signing thereof were not recognized at all.
Long term growth and satisfied customers tell a tale of a long term growth story in the making.
Another thing Kay... growth in China isn't easy at all. It's easy to grow and shrink your margins. It's actually better to stay where you are, build sustainably and increase your margins. Most chinese are playing a game of chicken with the margins... waiting to see which competitors fall first. E-Future is maintaining their price points, as they have leverage, and that's a great thing. They let a few competitors outbid them this year, knowing that the prospective clients may very well come back to them later.
I understand margins are important but I am mostly interested in revenue growth, top line growth. As you know , I have been waiting for many years. I don't want to give up on them. Good luck. Your posts are always worth reading, thanks.