TSXV:RYU.H - Post by User
Comment by
UglyTruth78on Jul 03, 2016 8:36am
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Post# 25017688
RE:My take
RE:My takeI disagree, they saw declining YoY sales on compressing margins and now they are diluting shareholder to build more brick and mortar stores. For something as a niche play their online sales should be exploding higher driving sales growth regardless of the number of B&M stores.
Take the last Q for example, operating expenses were up 31% while revenue was down 8% when operating expenses represented 7.25x the amount of revenue. Finally Selling & Marketing which should drive sales increased 41% so you spending 40% more on marketing and selling your product and you end up selling less. How?
Illumination1 was right this stock is a gamble, I don’t know about you but gambling is not an investment strategy.