MagicJunk's (CALL) earnings at yesterday's announcement were spun as, "Strong" (only 17% of what Vonage earned), and the market ain't buying the scam these days - Their stock is DOWN 10%.
Maybe it's RIDICULOUS NONSENSE like their previously non-existant subscriber numbers that are putting investors off. Looks like the absurd subscriber statement yesterday didn't convince anyone - I wonder why:
They said MagicJunk, "Currently has an estimated 3.27 million active subscribers".
EXCUSE ME.... ESTIMATED?
You mean, THEY DON'T EVEN KNOW HOW MANY SUBSCRIBERS THEY HAVE?
Or is it, THEY DON'T WANT YOU TO KNOW how many subscribers they have?
Why would they want to HIDE THE FACTS if they are so successful?