Post by
winnerswing on Aug 28, 2024 4:12pm
QTR results
It is very rare I like a losing QTR but it is the case here.
Loss is tiny -around 71k$ and it is the smallest one for the last 5-6 QTRS.
Net income before taxes for the QTR is a profit! (loss is just due to deferred tax and options considerations among others).
According to my personalized metrics, cie managed to create shareholder value with a loss!!
Traders and MM could drive down this stock to 1 cent.
I will likely have to endure huge paper loss because my avg buy price is about 10 cents.
Stock could plunge to 5 cents in no time.
I do not sell because I believe cie is serious about reducing costs.
They say they are now ready for growth.
They have a plant to build to provide their special cement to the big cie.
The big cie could also buyout PLAN.
Current product sales are the organic portion of the cie activities. The special concrete thing is disruption potential, and is the reason I have been betting the farm here!
Comment by
EmilyLawson18 on Aug 28, 2024 4:25pm
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