Originally Posted by
Balance
Not me - I am no trader.
But why around 80c*?
Wait for the full year's results and imo, it will become abundantly clear that the McDonalds' deal is a 'bleeder' for PLX. Once you read that PLX was looking to add between 60 to 100 staff to service the business, you know that McDonalds has done the classic IBM deal.
IBM deal you say? Yes - IBM puts some money into a company it contracts to obtain services or products off, and that company attempts to leverage off the IBM connection but alas, finds it is hamstrung by the contract and proceeds to bleed until the inevitable.
Provenco found out the hard way with its Petronas deal and Wynyard was so busy signing up deals it forgot that to survive, sales is half the equation only - the sales must also be profitable.
Onwards and downwards to April!
* May be lower.