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CI First Asset U.S. Tactical Sector Allocation Index ETF T.FUT



TSX:FUT - Post by User

Comment by bigopson Dec 07, 2011 9:00am
135 Views
Post# 19298416

RE: RE: News regarding Western Canada

RE: RE: News regarding Western CanadaThis is excellent -- as we all know FUT is a small and lean organization. This partnership gives them feet on the street, generating leads and selling their solution without the massive cost of hiring a staff. The Co-Auto guys are great at what they do (having spoken with some users of their services) and will be able to get FUT in to the major dealer networks much faster than FUT would be able to do on their own. I agree that the fruits of this relationship are a couple quarters away...but that is ok...each new relationship/sale brings us closer to breakeven and profitability. As for the poor Q3...we also know that business is not a straight line unless you are madoff -- it is reasonable to see jumps and falls in revenue growth and the factors at play are many -- bottom line here is that the business is growing, the strategy is being executed, the industry is validating them through signing up/new relationships....we are on the right track. So long as the company maintains a cash balance until breakeven we will be doing very well as investors...now FUT needs to raise some cash and make sure we get there -- i have no doubt they will be able to do so given this news on top of everything else we know.
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