Ok, so I'm not trying to pump this stock. I only own 50 shares, so I would have to be the most delusional human, if I thought it would amount to anything. I actually bought this by accident, but then I took a look at the company and thought, "What the hell? Why not let $80 ride? I won't lose any sleep over that." But, there's definitely been a shift. The most recent numbers show clear improvement on many fronts and the insider buying has gone from just the CEO gobbling up shares, to four other insiders. Any thoughts, my Blossom compatriots?
50 shares is reasonable and the reward here could be great for you.
Moe @moe_on_margin · 4d
I did some quick digging and this seems to be the start of a beautiful turnaround story… they moved aggressively towards becoming a SaaS business (higher margins & recurring) and away from a bigger focus on selling the hardware (one-off low margins) under a new CEO and were able to fix a few big problems they had last 2 quarters… managed to grow margins by 7% YoY and cut their losses in half YoY from -10.8M to -5.6M. Now they need to blowup revenue which has been flat for the trend to continue after reducing opex and increasing margins 🚀🚀🚀 The cluster buys are a great sign nothing is a better confirmation than management investing their own money. I think your on to something nice here 👍👍
Rudy Nusta@rnusta · 4d
With penny stocks, small bets can sometimes amount to a significant gain over TIME... and insiders buying is probably the best indicator you can get.
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