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collinmcb

04/19/17 8:53 AM

#2692 RE: chilar4567 #2691

I spoke to management and they said that 1Q17 is their seasonally weakest quarter. They backed off their more bullish comments when I spoke to them during 4Q. I own stock, but I think people need to manage their expectations into 1Q17 (reported mid-May) given 1Q15 revenue was -68% q/q (though 1Q16 was flat q/q). I think flat q/q from 4Q16 is a bullish outcome, but down 15% q/q is a more reasonable assumption.