downthehatch
1 year ago
Reaction to the earnings miss is way too extreme.
The company reduced LT debt by 40 million, about a third of the total debt. They also wrote off 68 million of goodwill, which is the main reason the loss was so big. And they reduced inventory dramatically, again by about a third, which was why they had such a fall from grace in late 2022 and early 2023. Looking FORWARD, which is the whole point of investing, they are looking good. Doing ALL the right things to be quite profitable in 2024 and beyond.
downthehatch
1 year ago
suspicious trading in AKA today. Somebody dumps at .46, and when I put in a bid at .475, I get ni takers. the stock wants to go up, but somebody, or some group doing whatever they can to keep it down.
Should be up from here, I am expecting much improved results for Q2, which will be anounced 8/9, aftr hours.