Well...that didn't feel good. Looking over the Earnings Report that just came out and I see why people are selling. I wasn't worried when I saw that they missed earnings by a little but look at that revenue... Last few quarters: .8, 1.5, 2.0, ....and now 1.1 (not good) Any news why they dropped the revenue? Denward
I didn't see the drop in revenue that you mentioned.In fact, quoting from Dow Jones Online News ..."One positive element of the earnings report was the 43% increase in revenue from transactions, said Gary Craft, an analyst at BancAmerica Robertson Stephens & Co."
CYCH strikes me as a reasonable long-term play, given the level of risk and potential for a huge reward (based on ever-increasing revenues and strategic partnerships around the globe).Monday's earnings report simply reminds us that the ride to riches (hopefully) will be a volatile one, best case.
How long is the free-fall going to last?
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