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Re: bluesky70 post# 164384

Wednesday, 05/13/2020 4:50:00 PM

Wednesday, May 13, 2020 4:50:00 PM

Post# of 192128
I hope there is improvement and it helps all the investment dollars here.

It was very unflattering when GAAP accounting rules were incorrectly used as an excuse in a prior quarter, and I sense the virus will be cited here, which again would be very unflattering. I think it’s fair to say the virus could have had impact, or even substantial impact with respect to Q1 financials in their preparation, but not really the results themselves.

The other thing to watch out for will be whether the prior trajectory of urging investors not to worry about this (Last) quarters financials as they are shedding the lower margin business for the higher margin business is still the case or whether everyone is asked to wait again on the fruits of the latest pivot to show in subsequent financials. If this is the case, it doesn’t mean there isn’t hope or merit to the new business, but it just goes to the history of unmet expectations and pivots.
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