Another great quarterKaren is doing awesome since sh took over. Her team is performing better than I thought. Results better than 2019!
Just to clarify quarterly results (I'm not in this to slam anyone like they slammed me awhile ago for saying Karen is doing a great job)
Earnings
Q1 '19 = 14.3M or 0.60/shr
Q1 '20 = -9.7M or -0.40/shr
Q1 '21 = 15.9M or 0.64/shr - given recent dilution with stock dividend ... awesome!
Q2 '19 = 8.9M or 0.37/shr
Q2 '20 = 7.8M or 0.32/shr
Q3 '19 = 14.6M or 0.60/shr
Q3 '20 = 22.7M or 0.92/shr - awesome (mostly due to market recovery)
Q4 '19 = 10.6M or 0.44/shr
Q4 '20 = 21.1M or 0.89/shr - awesome (mostly due to market recovery)
So comparitively I don't see evidence of decreasing revenue just the inpact of Covid and now a strong recovery for Mcan. I would expect better than 0.32/shr for the next quarter and this stock going to $19 however I grow cautious because of inflation rearing it's ugly head. Management need to protect and capitalize on the increase inflation scenario.