Meeting with ManagementHad discussions with the COO (Gali) yesterday. He stated that they are not managing the business quarter to quarter and his focus is on securing high margin distribution agreements. Given they have only been selling their online product for 4 quarters now and the inherent nature of distribution agreements, he noted that the results will be lumpy but did guide to more robust results later this year. He chose to focus on the next generation product (best in class content AND smart learning) which he believes will further distance LM from the competition and create a strong economic moat.
I think the end game here is a takeover and apparently they've already had a number of larger companies sniffing around.
Really, I didn't learn anything earth shattering beyond what we already know. At this point, I'm not adding nor selling any shares; sticking with what I have. We should keep an eye out for more operations/sales announcements as well as Q1 release at end of the month.