Made a little money on this one recently
Got in and out quick though. They need to stay above $1 or they will be delisted. It will be interesting to see if they can do it.
About turn! You never lack for excitement with Imation, which has turned the previous quarter’s $94m in revenues and near $10m in losses into this quarter’s $10.7m revenues and $91.1m losses. Oy vey, where did the money go? Let’s try and sort this amazing black hole of red ink – excuse the tortured metaphors – into some kind …
This is how you game the quants. You have a "reset" year, and then carefully manage profits and cash flows so that it looks like you're a tiny startup on a logarithmic growth pattern. Defer revenues initially, booking profits years later. In year five you are back to where you were and generating revenues by selling to yourself (or a partner who is doing the same thing) and pre-booking fictional future profits just as your options vest at an insane 250 P/E. Then you
take the money and run engage in pre-programmed sales as part of your personal wealth management diversification strategy.
"A year ago the net loss was $14.4m, now it’s $91.1m, a 532.6 per cent worsening."
If their net loss had started at $0, it would be infinity percent worsening, and if they had actually made a profit (which they did at one point shown on that chart) it would go right through infinity and come out the other side. Using percentages in this situation really doesn't make a lot of sense; it's fine for revenue but profits can change sign and have discontinuities if you try using them as a ratio.
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