Citron Research Updates Emcore (NASDAQ:EMKR)
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“Business … that’s easily defined: It’s other people’s money” – Part II
– Peter Drucker
With its management and its analysts’ actions displaying an increasing disconnect from reality, Emcore (NASDAQ:EMKR) is becoming reminiscent of Home Solutions of America (HSOA.pk). Emcore has cornered itself in a situation that can only be solved by profitability. So instead of churning out yet another Press Release to respond to a report or holding a conference call, we suggest Emcore try a novel approach to answer its skeptics: turn a profit!