Saturday, March 31, 2012 4:47:57 PM
1. They trumpeted their compound growth rate in the last PR. I don't think they would say that if it growth was about to dramatically slow.
2. One quarter does not make a trend. There has been significant variation in the sequential dollar growth and percentage growth so you have to look longer term. See the table below. In November of 2003 would you have concluded that growth was slowing based upon the results of Q3'10?
Sequential Growth
Dollars Percentage
Q4'11 $52,919 8.8%
Q3'11 $139,360 29.9%
Q2'11 $142,525 44.2%
Q1'11 $74,707 30.1%
Q4'10 $56,225 29.3%
Q3'10 $36,692 23.7%
Q2'10 $73,787 90.8%
Q1'10 $2,845 3.6%
Q4'09 $33,620 75.1%
Mike
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