GREY:ISYRF - Post by User
Post by
Orillia7on Nov 10, 2010 10:16pm
554 Views
Post# 17690259
good outcome
good outcomeHappy to see some revenue growth, especially in the core business. Six quarters in a row of positive EBIDTA is a great result. Certainly wouldn't have bet on that happening two years ago. Destinator was a bad decision and I'm glad that they aren't wasting money on that. I use Destinator on one of my phones and I use the free Google navigation on another. The Destinator is better in many areas, but why waste money competing with free? I also liked the news regarding continued work with Barnes and Noble, new tablet customers, and new markets and solutions. Also, nice to see cash position and working capital increased.
Not happy that adminstrative cost went up or that directors and management aren't buying shares.
Overall, I am very impressed with management and what they have done with a mess of a company. Will be adding to my position if shares stay under 7 cents.