PrezEl Corp Audited Results

PrezEl Corp audited results for the years 2016 and 2020 have been published. According to information available to the public at this time the results for the two years compare as follows:
1) For the year 2016, total revenue from core business was ~ $62.9 million. After announcement of results PrezEl Corp stock experienced a bump despite a loss of ~ $2.8 million. This was attributed to the better than expected revenue and mention about steps to cut down expenses in the earnings call. Per PrezEl management the full benefit of the measures would be visible in the years ahead with profit being forecast from 2020 onwards
2) For the year 2020, total revenue from core business was ~ $74.2 million. Per guidance in earlier earnings call/s, profit was expected for the year 2020. Even though revenue increased ~ $11.3 million from 2016, losses widened to ~ $7 million instead. This was attributed to unexpected adverse market conditions by PrezEl management. PrezEl stock slumped after the announcement of 2020 result as the market was disappointed by PrezEl management inability to adapt to changing market conditions. The company had projected profit as recently as the 3Q earnings call just a few months earlier.
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Substitute the above fictional PrezEl Corp with Presidential Election. Total revenue represent the actual total votes cast for Republican Party Presidential candidate and Total expense represent the actual total votes cast for Democratic Party Presidential candidate, for the years 2016 and 2020. It’s clear as day Republican Party has been hemorrhaging votes to the benefit of Democratic Party. Gain of 11.3 million votes in 2020 is illusory as it masks the greater shift in support to Democratic Party in 2020. It’s the equivalent of brick-and-mortar stores seeing more foot traffic but still losing shoppers to online retailers. With no available evidence of widespread fraud there was no chance to boost other income (line item# 5) to totally offset the difference. If at least a few of the party leaders had forcefully stated, publicly and firmly, to stop the baseless election fraud allegations even as late as last weekend the mess that was witnessed in US Capitol earlier this week could have been avoided. The question then becomes why were they either silent or supporting the effort? Based on what we have seen over the past few years fear of career destruction trumped the acceptance of reality, I can think of no other explanation 🙏

Author: Rajaram 'Raj' Gopalan

Hi All, Welcome to my home in cyberspace! You can call me Raj. Feel free to explore, discuss, comment and most importantly have a good time!

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