Q: Did you learned anything new at the conference call? Still skeptical about their forecasts?
Thanks
Thanks
5i Research Answer:
In the latest earnings call, management noted that it took a conservative approach on guidance, and although it is seeing great momentum in January and February. But, that these building blocks are being built slowly. Management noted that it typically takes six months to a year to see the full volume from a new customer, and so we believe this is why its guidance has been tough to predict.
Overall, we were disappointed with the results and the overall performance of the company. We would not be willing to add to a position here, and this has become a 'show-me' story.