Square - Turning The Corner To Profitability And Finding Nooks And Crannies To Accelerate The Process

OK, here we go again. A couple of days ago, Square reported the results of its Q4 and full year 2016 business results. The results and attendant guidance can be broadly characterized as another quarter of beat and raise. Interestingly to me, was that the raise part was more on earnings. The company is now forecasting growth of 30% in adjusted revenues but it expects adjusted EBITDA to more than double in 2017. Over the past year that I have been following the name, I have been particularly impressed with the company's strategy of being able to offer lots of pieces of IT services that merchants needed in order to be successful. The shares jumped 21% last week and have reached an all-time high since the company went public in late 2015.