I did a dollar-cost averaging strategy 🌱
$M3 (2413.JP)$ and fell due to accounting mistakes ⤵️
【Previous Estimates】
Revenue of 250 billion yen
Operating profit of 75 billion yen
【Actual】
Revenue of 238.83 billion yen
Operating profit of 64.38 billion yen
Although both revenue and profit fell below financial estimates, this company is a cash-rich enterprise with 150 billion yen in cash against 75 billion yen in selling and administrative expenses 💰.
I was attracted by that ample cash and went long 🤭
It might still go down, though.
It feels like Emusuri is starting to turn into a comedian 😂 https://s.kabutan.jp/news/k202404260099/
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