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Pro-Dex Inc. Message Board

  • mulligan994 mulligan994 Jan 15, 2008 10:38 PM Flag

    Things are looking up...

    It was good to see Murphy issuing a PR during the qtr. and giving all of us an uplift. Now we can spend sometime on the warranty problem which is very important to get the EPS in gear. I remember Mark saying at a CC in response to a warranty question that he felt it would take nine months to get a good feel about the status of the new improved product they had sent out to replace the defective ones in the field. That was said in late March so in the upcoming earnings release we should be able to get a good handle on where we stand. As you know they set reserves aside every qtr. to cover potential losses from returned product and that is a direct hit on earnings. Just look at the figures and you will see that if we could reduce that reserve by say 50%, we would be looking at a much higher EPS that would take this stock up to that $2.00 level in no time. We all have to appreciate how well this stock has held up despite the current market disaster. Thanks to Murphy and all the other Officers we are "lookin good."

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    • Mulligan, do you remember if there was any talk of re-designs and potentially lower return rates with such re-designs. Just wondering if there's any information on how we've moved from the fiasco product to a much improved product(s). Thanks.

      • 1 Reply to dvls2
      • No there was no mention of any details regarding the new product but they felt good about it's chances and six months into the replacement the results were to their liking. Murphy felt nine months would give them the answer they were looking for so that is why I look forward to the next CC with some confidence. They keep talking about taking this company to the next level but in all fairness the backlog has remained steady but not improved for many quarters now, around 10 million or so dollars. That will have to double to put this company on the map but that takes time. In the meantime we can be pleased with what we are seeing lately. Good luck to you.

 
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