C'mon Covage, get with the program. Don't get me wrong, I don't think that Axia is doing that poorly, but it would be nice if tomorrow we heard some unexpectedly good results from Covage. Operating losses (in Europe) for the first 9 months of 2012 are actually greater than they were for the first 9 months of 2011. This despite total revenue in Europe increasing 12 percent from 2011 levels.
We are getting great growth with OpenNet in Singapore. Call me crazy, but I think $6m in income for calendar year 2012 is possible from Axia's 30 percent interest in OpenNet and between OpenNet and SuperNet Axia should easily produce $20m of income for calendar year 2012. If Covage would stop losing money this stock would move much higher.