RE:yawn , the future is the past Yes just the same operation year in and year out. This type of structure and accounting is doomed to fail in this new high interest environment. It is very expensive to borrow money to continue to fund these aquistion so that only REVENUE can look good. They are not growing like I keep saying, they are just padding the numbers with aquisition. They more than doubled their net losses from last Q and their YTD losses are growing as well. This type of business model will never be profitable but just amass huge debts, that will eventually come back to bite itself. This is not the first company to do it, just do some research. And have a look at Careplus, they spend $32 million to aquire it and the benefit was very minimal, it is a disaster that will only compound. Anyways, just my 0.02 cents. As far as the stock goes, before every Quarterly earnings release, I tell you guys exactly how to trade this stock. It is like clockwork. Hope some of you made some money. Good luck.
Comment by
BudFoxx2020on Oct 18, 2023 2:14pm 183 Views
Post# 35689453
RE:Buyback
Going forward, if anyone is up for a trade. They should pump this up for the earnings on Nov 9. They are going to claim record revenues as usual from the recent aquisiton from Careplus, MCI, etc, etc. But will still lose money, never disclosing the cost.