It was just an okay report. Expectations by some were higher. Very good year over year performance, but I think there were many who were expecting sequential growth and not seeing it are selling and moving to their next hot play, and there are no buyers stepping in to take up the downward pressure. Those with a longer horizon will view this as a buying opportunity.
Exactly. It was the lack of quarter to quarter top line growth that has caused some to hit the exit button. Also I would add that you can't have margins decline much more....that was the whole point of entering this line as opposed to distributing.
But relax. CEO owns enough shares to have his head in the game and they have the new phone coming which will really help margins. Also they noted that Mexico was 300% growth and then the USA had like 77% growth. Compounded these numbers over time will be awesome.