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Re: TraderJoe2019 post# 9648

Wednesday, 04/14/2021 2:01:43 PM

Wednesday, April 14, 2021 2:01:43 PM

Post# of 14133
I should have started everyone on the following financial statement from Ideonomics which tells a huge story of the cost of acquisitions but yet foretells profits to come in the next couple years perhaps.

https://investors.ideanomics.com/2021-03-31-Ideanomics-Inc-Reports-Full-Year-2020-Financial-Results

Their gross profit YOY is down a little this year over last but at the bottom of the balance sheet which is in thousands, is like 100K+ of liabilities which are eroding the net profits. Just something to keep in mind.

A lot of companies in the newer business spaces have this problem.
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