Post by
Investor4000 on Nov 15, 2016 11:13am
Resume
The good revenue got offset by personnel cost (24 million). They are making more money but spending more than what the "street" hope for. So at the end of the day, analyst will wait till they reduce their debt, cut some spending related to Open Bet acquisition (personnel), see if synergies come faster than expected between open bet and Nyx, and see Matt Davey get a grip on operation of open bet. It is a wait and see situation for big buyers.
Comment by
uograd on Nov 15, 2016 11:16am
you don't need to be Einstein to realize a company of this size does not need over 1000 employees that is what is killing their margin and ebitda numbers