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Alias Born | 04/29/2008 |
Wednesday, June 19, 2013 8:16:17 AM
They have been profitable for the last 2 quarters. They acquired their main LOB several years ago and have been building it ever since, spending large amounts on R&D which has kept them in a loss position.
Anyone who followed the financials realized they were headed toward profitability and an inflection point.
It's a solid company, with a REAL business, REAL revenues, and NOW REAL profits.
It didn't hurt that they have a ton of convertible shares at $3 each, though that may limit the upward momentum once it breaks that level.
Meanwhile, I've tripled my money, so I'm happy with it as a solid investment.
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