Telefónica will purchase devices from us branded as magicJackGO and sell into 4,000 proprietary Movistar mobile retail stores. It’s also anticipated that Telefónica will act as our distribution partner selling the magicJackGO to an incremental 5,000 third-party retail doors such as Wal-Mart and Copal in Mexico. We expect our pricing to Telefónica to be substantially similar to our pricing at retail in the U.S.
I agree, at some point a distressed country will have to be bailed out and recapitalized by IMF.
it looks like ARGT, and venezuela is next. me, I am buying GREK at 0.9x book right now
i averaged down to around 6, sure has been disappointing performance. altho I feel Hale is doing a decent job, under challenging industry condition.
get over it Hagen!
AVG has always been doing acquisitions.
yes, you're right. from Q1 10Q
it seems collections is getting worse, Q/Q,
The provision for losses increased from $6.5 million in first quarter 2013 to $7.7 million during first quarter 2014. Our loss ratio was 17.7% in first quarter 2013 compared to 20.7% in first quarter 2014. The higher loss ratio in first quarter 2014 is primarily due to the ongoing seasoning of our higher-dollar installment products. Our charge-offs as a percentage of revenue were 49.5% during first quarter 2014 compared to 43.7% during first quarter 2013. Our collections as a percentage of charge-offs were 46.8% during first quarter 2014 compared to 52.8% during first quarter 2013. We believe that the collection environment is becoming increasingly difficult as commercial banks discontinue depository and treasury relationships with businesses in our industry. In addition, we received cash of approximately $199,000 from the sale of certain payday loan receivables during first quarter 2014 that had previously been written off compared to $126,000 during first quarter 2013.
calm down ,even if 2015 sales =120M, what is the Ebitda margin? still negative like it was in 2012? or 1-3%? or 10%? my bet is the margin will be modest and LIME=6 is a fair value
love all this gloom and doom, Iphone 6 launch will revive shields sales, and tablet keyboards are on fire!
remember, stock price anticipates earnings up to a year in advance.
this is the most upbeat CC so far in two years of pessimissm!
keyboards grew 30% and will dominate sales
but Ifrogz audio/power are also growing nicely, tho have lower margins.
but the game changer will be acquisitions!
this is the new paradigm
sure hope the boys from down under comes to the rescue of Austin, altho the UK investment was a big flop, better to focus on Mexico.
I agree, QCCO reported some difficulties with banking last 10Q. however, EZPW has greater politcal power and more capital, so op. chokepoint will somehow be handled, either thru using smaller banks or investment banks
could this be it? from 10Q
Our collections as a percentage of charge-offs were 38.9% during second quarter 2014 compared to 43.4% during second quarter 2013. We believe that the collection environment is becoming increasingly difficult as commercial banks discontinue depository and treasury relationships with businesses in our industry. We received cash of approximately $178,000 from the sale of certain payday loans receivable during second quarter 2014 that had previously been written off compared to $152,000 during second quarter 2013.
CFPB has no executive power to shut anyone down. they can only use indirect methods. it seems like operation chokepoint was even a factor in Q2 earnings