No doubt my points below will not be taken well by fanboy shareholders...
Like BUB (which I exited some time ago), really worrying about their product and manufacturing costs. They have made no statement in their quarterly about how much of that is sitting as inventory. It is difficult as we can talk revenue, receipt and costs, but gross margins are not stated and as such no idea what scale they need to make money.
So if receipts grow by 300% next quarter and prod and manufacturing costs still exceed that, is that a good thing?
Very surprised the market excited by this.
KTD Price at posting:
49.0¢ Sentiment: Hold Disclosure: Held