OBCI has been giving up ground the last few days. I assume that is due to (1) concern over the company's statement that early 2015 marine sales have been slow due to weather conditions and (2) uncertainty as to whether Performacide sales are living up to expectations. I noticed that Home Depot is selling Performacide
online but it would be helpful to investors if the company would provide more information on overall sales.
They rave about the increased sales but seriously, with all the raving shouldn't they have done more?
They give themselves more stock bonuses but why? Higher gross margins? Well, that could be but they never even mentioned the drop in petroleum prices as a major contributor. They do mention that petroleum is one of the major costs but they have no control over it as they don't hedge so when it tanks they don't say how much they saved. And if they don't know the gallons they purchased for product usage then they have a bigger problem. Of course, if stockholders knew that the greatest percent of gross margin performance was from the drop in oil they may questions wh the bonuses. But when you don't mention it you should be called out on it.
Finally my year-after-year pet peeve. They mention that winter was more severe and caused a delay in the boating season. I think they have mentioned that 7 of the last 10 years. But if there was a delay last year then there is no cause to imply that sales of boating products will be down. They should have implied that sales of boating products will be down from their expectations but why bother telling us because we never heard specific expectations other than the usual Mr. D blah blah that he looks forward to even more positive results.