CC...
There was an interesting comment made by the CEO regarding Cloud Services. Asking investors not to judge too quickly regarding 20% increase in sales but rather to consider the "potential" going forward. He is under the impression that the "elbow" of the Cloud's growth has yet to occur.
To further indicate confidence in AJX going forward, RH also recently bought a couple of hundred thousand shares to add to his already large position.
With the lower cost structure and the elimination of discontinued ops from the financial statements, they should manage to eek out profitability notwithstanding tempered sales during the second half; herein lies the crux of this investment (for longer term holders) - the risk is a lot lower than it has been in quite some time.
I'm curious as to how long AJX will stay on the TSE. Being an American based company now, I would expect them to move to the Nasdaq soon.
JJ
p.s. - this was my first post on Stockhouse!