G*

“Hell is empty, all the demons are here.”
William Shakespeare

[G* @ragnarok2014]

@gamestop Will do

[G* @ragnarok2014]

@beautyshowcase Yes

[G* @ragnarok2014]

@soran0312_ 16

[G* @ragnarok2014]

@Kyl0Z3n @AMCScam Coming frome Da SpaceX baggie lol

[Domino's Pizza UK @Dominos_UK]

we’ve sold 172,288,912 pizzas since PlayStation last posted

[G* @ragnarok2014]

@TXTobyC @PlayStationFR @Sony @PlayStation

[G* @ragnarok2014]

@RoaringSensei Everyone should thank Belgium, Spain would have put at least 7 goals on this team. Tariffs for everyone.

[G* @ragnarok2014]

@YoDooley @GamestopMoon

[G* @ragnarok2014]

@WalrusFarts69 @BGatesIsaPyscho But are they Invaders when it's the strings behind the government's that are enabling and enticing this movement.

[G* @ragnarok2014]

Jesus Is Love by Commodores on !!!!
Enjoy your weekend....

[G* @ragnarok2014]

@rnewton7777 I can tell and love that you were and still are a great Teacher!!!!

[G* @ragnarok2014]

@rnewton7777 Sir that's good for any Theory!! Carry on Wisely!!

[G* @ragnarok2014]

@rnewton7777 Be True to self, Continue to Strive each day to better self in the eyes of God and Thyself. Happy Soul, Happy Man, Happy Family, and hopefully a God that looks down upon you and smiles and says my faithful servant! Keep being you Sir!!!

[G* @ragnarok2014]

@Kyl0Z3n Lol, Difference is you apparently watch the chart daily , as an old head who invested in Amazon, im not worried about near dated price action. Also Im not a day trader. Also if I only had 4000 shares I wouldn't make as much noise as you. Go stand in a street with a sign.

[G* @ragnarok2014]

@Kyl0Z3n As long as @Kyl0Z3n is yapping, I know where in a good place lol. Such comedy.....

[G* @ragnarok2014]

@WalrusFarts69 @EndWokeness Common sense is No longer Common!

[G* @ragnarok2014]

@rnewton7777 Very challenging indeed.

[G* @ragnarok2014]

@BoilerPaulie @SwamiKnows_ Definitely leave !!!

[Larry Cheng @larryvc]

The Ugly Teenage Phase of Profitable Growth

This is a phase that companies that were once high-growth, high-burn companies (that are typically transactional) go through as they try to get profitable.

Phase 1: You start with high revenue growth, high burn rate. Then you realize due to market conditions that you need to get profitable.

Phase 2: You drive for operating leverage:
- You cut operating expenses - inefficient marketing spend, headcount, etc.
-All out focus on enhancing gross margins - pricing, COGs, shipping, etc.

Phase 3: You focus on improving working capital dynamics.
-renegotiate with vendors, suppliers, manufacturers, etc. to enhance payment terms to improve cash.

Phase 4: You clean up the balance sheet
- Optimize inventory, renegotiate/refinance debt, try and solidify cash, etc.

During these four phases, revenue is declining YoY (sometimes materially) because you're comping against prior quarters with heavy marketing spend. This is why this is the "ugly teenage phase" - it looks ugly if all you're looking at is the top-line. But, there are usually good signs:

-marketing and sales efficiency is improving
-all opex lines are decreasing as a % of revenue
-EBITDA and/or OCF is growing

Phase 5: Revenue is declining YoY, but you have achieved profitability (EBITDA and/or FCF).

At this phase, you are still ugly to the world because revenue is declining, but the end of the teenage years is on the horizon.

Phase 6: Maintaining profitability and returning to YoY revenue growth by investing some of your own cash flow back into growth.

This happens typically in 4 steps:
-step 1: sequential Q/Q gross margin growth
-step 2: sequential Q/Q revenue growth
-step 3: YoY gross margin growth
-step 4: YoY revenue growth

The revenue growth comes from first from delivering real customer value and then:
-efficient marketing spend
-introducing new products
-expanding new channels
-reactivating churned customers
-pricing
-defending the base of loyal customers

The challenging part of this journey is the ugly period can last a long time. From Phase 1-5, you don't get much of any credit. It's not until you hit Phase 6 that outsiders will believe in the company again. But, those close to the company can watch as each phase is cleared and know that the company is going in the right direction. However, to be fair, until you get to Phase 6, you haven't reached the ultimate end goal.

**For the sake of clarity, this is a general observation across several different companies in different contexts many of which I'm not involved with. This is not an observation or prediction related to any specific company.