All businesses should just work to develop business in the most likely area for ewaste processing downstream AND THEN LEAVE IT ALL ON THE TABLE DUE TO INTERNATIONAL ACCOUNTING DIFFERENCES. BRILLIANT.
What makes it real revenue? Honestly, what do you think they spent the year doing- Eating fried rice and trying to bring it on the books?
Fess Up? Phantom? Cost exceeded revenue? How do you know this from China? If you take 2Q and 3Q at value, when China was on the books, then EWSI was shaping up nicely.
Where does the material go AFTER Cincy processes it? Do you think there is any value to vertical integration of the tracking through the final destruction? Software maybe. Just as an ewaste basic, there are ewaste items that would not be optimal for teardown in the US that are perfect for China.
Yes, China matters from both a strategy viewpoint and from a source of revenue.