is way out of control. It appears they need $165M in revenues to break even GAAP. This is ridiculous. There is a red hot RE market going on in China now and these numbers tell us the break even numbers are way out of control. Their business model appears to be in much need of repair. If I am not mistaken, SFUN, their main RE website competitor, earned something like $.80 this past Q. So EJ is apparently WAY BEHIND, and again, appears to have a broken business model. I am not sure what has happened as the stock has declined from 36 to 4 over the past several years. But something desperately needs fixing.
I would encourage anyone invested here to email IR with their input and displeasure. At their current run rate, considering the 4th Q is the strongest quarter, it may be many more quarters, if ever, for them to become profitable GAAP again. Fellas, the ship is indeed sinking. We do have a dividend though, for that we can be thankful.