I thought they could grow sales with a 3mm/Q run rate. Boy was I wrong. No wonder they never returned my call last Fall when I left a message with a couple queries...the previous time I got a call back from CT, but not the more recent attempt. They are not so good at growing sales. Too bad. Their cost of production is unenviable. No scale.
Blah. I thought they could pull it off.
Looks like a slow road to nowhere, but I've been wrong before.
thank you for the insight. i agree with you. i think everyone is coming to the realization now after the 4th turnaround attempt. this is a 90s brand with not a clue how to manage itself in 2014. not. a. clue. zero. clue. Cue's strategy of cutting expenses and trying to build sales will not result in any type of investable company. how could it? the soda costs more than most beer walmart sells and walmart is horrible fit for a premium soda brand. just silly in fact. is that the splurge item in walmart? you upgrade the soda to a goofy flavor with bipolycrapola artficial garbage in it? you buy the crappy ice cream to save money for the expensive soda? hardly. especially when the same 3.99 buys you a 12 pack of coke, pepsi, whatever. as for whole foods, jones has no cache for whole foods. it will not last there or will be a slow seller with a small shelf. you have shrinking sales here. cue is not dealing with growing the company with a lower overhead. she is dealing with lowering the expenses to make up for collapsing sales. nothing they are doing at this point will turn into some hot product. i dont believe they can point to a hot product they are offering. so why be in business? the gambler buys shares here going into season with the same conviction the gambler bets on 32 on the roulette wheel.
jones model is all push no pull ...the coupons to create pull is a clear sign of desperation to raise capital because they can not find anyone to close a deal to dilute to survive...10k say's they can survive until the end of the year if they collect all A/R and sell all inventory at their price point that has low margins and doesn't cover operational expenses.. ..now it's on sale and 2.00 coupons ...LMFAO... jones days are numbered..
Tick Tock ...
I live in Austin and I have visited a few stores such as Wal-Mart, Whole Foods, Target and HEB. I have found Jones Soda in only one out of the six stores I have seen. It seems to be selling slowly.
I'm a patient guy. I bought this stock on an investment hypothesis and I am perfectly fine with gambling with this stock with a little money. However, giving the what I hear on the board...even I am tempted to sell...I'm a bit neorotic in following this company, even though I expect if a turn around to happen, would be for it to happen in the summer months during their peak sales time.
I am in the beverage business and was visiting with Walmart last week.... I was visiting some of the different types of walmart formats and was really impressed with the Jones cane sugar glass bottles on the shelf in the cold box and the end cap at the front end. The retails seemed very aggressive and I noticed that there were coupons for $2.00 off the 4 packs which were on sale for $3.98. I mentioned to our broker how strong the Jones brand looked at walmart and he said(he calls on the buyer) that the sales were very poor. I would say there is a load in which will overstate the short term quarter both in sales and revenues and then they will really have a problem when walmart asks them to pick it up or mark it down. At the end of the day, Jones Soda as it is today just does not matter..... Also, someone should ask the CEO the last time she visited with ar retailer, she is in la la land. Reminds me of the status of the company in 2004... They need to take a different approach or just close the doors.
however, on the call they repeatedly said the quarter was isolated. since they were well aware of the sales for q1 already, i think you can take it as guidance that q1 is better.
okay I have an update. I did visit a whole foods in Folsom, East of Sactown, and load and behold, in the pop and juice aisle eyeball eye for me, I did see a 5 wide selection of Jones's products. First time this vacation. So I stand corrected that none of the whole foods stores in northern California had product on the shelf. So I just wanted to let some of you out there know that product is still available, you just have to hunt it down. Q-1 is still going to be a disaster. The only thing that will be a remote possibility is if they sold product to the texas holdem group (distributor mentioned in q-4 report) and collected cash for said sale. Otherwise it will be less revenue than q-1 a year ago, and continued slippery slide down. I still see .26 cent shares coming in May. Unfortunately. Good products, poor leadership. And no news since the last quarterly report. I wonder if they got the glass issue fully resolved?
Jones would still lose money on that sale ...buisness model is banana's........oooh,ooh,ooh,eee,eee,eee,aah,aah,aah
only 29.99 a 6 pack + 49.00 in shipping ...4- 6 week delivery time ....add 30.00 for your picture..
OOH, OOH OOH, EEE,EEE,EEE,AAH,AAH,AAH......
Did you read the 10k .that's right no pictures for you....you wish jsda had 7 months ...but don't listen to jones because your smarter then them ...OOH.OOH.OOH.AAH.AAH.AAH.EEE.EEE,EEE,....DUMB MONKEY
same Dumb Monkey who doesn't even know what a spec play is.....