SOYO Earnings
A pretty rare find on the OTCBB. SOYO Group earns $0.01 versus losing $0.025 on decreased revenues, decreased expenses, and higher margins.
I really love this company. Starting last Fall they announced they were going to be moving into higher margin consumer electronics products, and they've done exactly as they've stated. Management is seriously executing on this business plan.
It also looks like they've bailed on some razor thin margin products as well. I like where this company is headed, and it has been very well supported in this mid $0.70 range for several months now.
The analyst report prepared several months ago stated that 2005 could be a break-even or slight profit year, but all of this was the setup for a profitable 2006. Well, if they keep going at this rate, it looks as though they will have a small profit this year. A very accurate analyst report. Reliable.
Glad to see the company doing what it told us it was going to do. It is definitely paying off. Go SOYO!!
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