Yet Another Update On Uchi

Uchi is a stock that I have followed a lot. Last I wrote was Update On Uchi.

Tonight Uchi reported its earnings.

And as you can see CLEARLY above that Uchi's growth is CLEARLY not there anymore.

As mentioned in Update On Uchi:

Some issues worth pondering. Has it's spectacular growth finally ended? Signs of margin pressure exist. Would the issue snowball?

And last of not least, one should consider the durability of Uchi products now given the current economic environment.Two previous blog posting that should be read, Review Of Uchi Again. and Uchi and its ESOS ( the ESOS issue is still a huge concern)

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How? Isn't this what we are seeing? We are no longer talking about slowing growth but now we are talking about DECLINING earnings!

Many did not liked it when I chatted on Uchi and some did not like it one bit when I questioned the wisdom of buying and holding forever this stock. Well here we are. Uchi last traded at 75 sen.

Here is Uchi's chart.

Do you like what you see?

And the recent plunge to current levels, doesn't this represent another leg down for this so-called fundamental stock?

How?