I agree that MP's product portfolio and brand recognition is worth more than a $40-50 million market cap. However, it is unfortunate that revenue growth has stalled, or may be decreasing slightly (mgmt now guiding to $190-200M)? Also, at the body building sales website, MP's products have fallen significantly among the Top 50 Best Sellers. I use the Hardcore Gainz and Combat Protein products currently, as well as the Coco Protein and protein bars. Great products. But, not selling as well as they should.
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Apparently you cannot validate, your post that you sold at $7. So you have to change the subject. So you post for effect and not substance. That has a diminishing return after a while. Now everyone who reads this, is also saying to themselves Joe, maybe a fibber. Not a good start to our dance.
The contractual sponsors they have signed on, are gambles, but huge pay offs. Tiger Woods, if he had found his old self, this would have been a great move.
But, if you had actually comprehended what I had posted, you would understand, that I stated they will go in a new direction. No more endorsement deals, they will look at new ways to create growth and piggy that off the $190M in revenues.
So can we agree right now, that you cannot produce any evidence you ever sold at $7. Then I will also lie and say I sold at $14 and that makes me twice as smart as you.
Here's what doesn't make sense. Insiders held about 2.4M shares. (Pyatt,Esraleka,Gregory,Blutter.Greenwell,Prosser,Price,Rollock)
I could see them doing something stupid if they were cooking the revenues...but they did something stupid by spending money on things that were not normal expenses...why? When the street is handing you 20x earning valuations, would you run this into the ground? The slide happen, when the expectations didn't even come close to the realities. They wouldn't even take questions at the conference call. Operating expenses do not increase 100% over projections.
Did they do this in hopes of landing cheap options? At $14 did they want options tied to that share price or a lower price? Greed could make you intentionally drag your company through the mud. Then right the ship and cash in. These insiders did things that should have cost them their jobs. But didn't? Is this the new white collar crime? No one goes to jail anymore, they pay fines, which by the way, actually helps you get the lower valuations, you get rewarded with options for doing a bad job.
Answer me this, the insiders own 2.4M shares. At $10 a share it's worth $24M, at today's value $6.5M. They shot themselves in the foot, why?
Something stinks here and it's not JoeJoe and his bad breath. This is a stock you could spend weeks , looking at the conspiracy theories on. Did they have a business plan that would fail anyways? Why no warning on the miss?
Seems odd the SEC caught these violations. They catch nothing else. Is Frost still in this? He has preferred shares, series D at one time. I haven't bought any, but will read the 10-K.
I am pleased with the small steps of acquiring new management and the same goes for the PR about cost containment. But it would have been nice to see a couple Qs ago. I will be very interested in the next Q numbers, or the details in the numbers. I bought shares today because I DO beleive in the company.
The idea of Pyatt selling shares at these prices isnt pleasant, but it looks like he had some clause written in that he was forced to sell a portion of shares. Still unfortunate.
The company is pretty silent, but things are bad it seems, so there might not be much to say. Id like to hear something about AMINO RTD though - the launch has been delayed a week with not a peep from the company.
I dont think the stock deserves to be in the 2s though. Hence my share purchase - ill figure out what my time horizon is after i see another Q. We need a 'cleaner' balance sheet
Maybe, the market is not happy that Brad Pyatt "disposed of" 90,418 shares on October 5? According to the SEC "Statement of Changes in Beneficial Ownership of Securities", he still owns 885,025 shares. So, it looks like he may have just sold about 10% of his shares at a rock bottom price? Hardly confidence inspiring. I am a long, BTW, with 50,000 shares, but this is the single worst performing stock of the 29 that I own. I am not a fan of Mr. Pyatt. He lacks integrity and fiscal discipline. My biggest hope, and the only reason I still own shares, is that the company is acquired for its valuable product portfolio. I hope Ryan Drexler can successfully shop this company, or if not, replace the current CEO.
There is a lot of time for MSLP to right the ship. I am back into this stock at 2.65. The risk reward is too good.
I will be reading reports very closely and will be looking forward to the next earning call.
You know nothing about margins for non-established companies. This is NOT Kraft Foods. BTW, real consumer goods companies don't have a multitude of athletes who are paid many millions of dollars to be golf bag carriers, etc. Lots and lots of contractual overhead. You try to crush that with a "write-off". Oh yeah, I remember, you said that would be 'easy'. Tell that to the Yankees and what they were reminded of with A-Rod.
There has been absolutely no validation for the drop from the $4.50 range to the $3.00 range in the past month. Two weeks after the SEC investigation results the stock was still trading above $4.00 then out of no where dropped more then 25%. Still no news on anything occurring. I still believe MSLP can turn this thing around even with the management team they have. The CEO and all senior management have money invested in MSLP and I am sure they would like to see the stock return to $10/share. Hopefully they can follow through on their management action plan, and make some changes in 2016. If no positive changes occur by the end of Q2 2016 I will be done with this company.
Again, it doesn't cost $100M to sell $200M in product. You are looking at the past and I'm looking forward. I see this company going in a whole new path. Look at what they did with Tiger Media, another of Frosts SEC probe companies.
Old management saw a cash cow and raided it. I have my suspicious why, but I will not share that. I really don't care you "got out". There is always some blogger, who thinks by telling us he "got out", that somehow makes him intelligent. Did you short? Why not?
Joe, you are here, because you want something. My guess is that you cannot show any evidence you ever sold at $7. Most bashers are very bad at timelines.
This stock got to $14 on some merit. Good management can make money, selling $200M in health products, bad management thought no one was looking. Apparently they were wrong. This company has operating profits of $65M.
They will trim the fat, they will eliminate jobs and costs, they will get this in the black. They will look at what went wrong, and correct it. Like I stated something was out of whack on expenses. But old management felt there was enough there to hide the millions they took.
Actually, if you can determine that Frost is still involved here, then I would be impressed. I think that he liquidated. OTOH, if Frost increased his holdings, then maybe this has a prayer of solvency. I got out at $7, and was thrilled to get out at a small profit. Someone close to the company, the products and the egos, the management, predicted in early 2014 that this company would continue to grow massively and relatively quickly spin out of control, and then be in dire straits. I trusted him, and his instincts were correct. "Easy" is not an operative word for MSLP any longer. GLTA
seems odd though that all those insider buys at such higher prices isn't getting any pressure about moving Brad boy out of there.....guess they all don't mind losing a ton of money (or just perhaps there's a bunch of other inside stuff going on). just a thought
You trust yahoo for your info?
Clearly they have decent margins. Actual grew last quarter. If this company wasn't selling $200M a year, your opinion might matter. But they have revenues. The expenses are some of the easiest things to correct. . Strange that the SEC caught the BS here and no where else. I think another strong sign here, is the basher's have some intelligence.
I like what I see and anyone telling you they are broke, has an agenda. Stop the BS. This is one of the easiest thing to turn around. One time charge and start with a clean slate. Low float.
Maybe 6 months and you are in the black. First it doesn't take $100M in expenses, to sell $200M in product. Something was out of wack. That will be corrected and it doesn't take long to get this type of company, operating efficiently. Good management can turn this around in no time.
Joe wants cheap shares, otherwise he wouldn't make it this obvious. There are investors who bash, in hopes of getting cheap shares. Joe is that type.
Be glad he is here, he's not a threat. He's actually thinking the same thing you are, but he does his trading with an agenda. 90% of bashers want shares. 10% are too stupid to move on.
They have TONS of other options before Bankrupcy, they would have no issue raising money and their debt is not a large sum. There are alot of shares that were given away and hopefully with the new track they are on, they can right the ship.
Remember that there was alot of $$ spent on shares by Insiders from 6-12.... They were gifted alot of shares too, but I think if we get some transparency about whats going on, this can move quickly north. Its unfortunate they are making new lows each day.
Time will tell, but they are NOT close to bankrupcy.... not even close.
Yep, as Paul Simon said, slip sliding away. A new low….and going lower. This company needs a white knight to save it. Wonder if Frost is still involved here. Yahoo does not show him with an interest.