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Blonder Tongue Laboratories Inc. Message Board

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  • Watts1500 Watts1500 Aug 16, 2001 3:51 AM Flag


    That may be but their litigation was finished awhile ago, and yet their current numbers are no better than they have been previously. And where is the evidence of market penetration? I'm sorry but 12.7 million in revenues (a 29% year over year decrease) for the last quarter doesn't qualify in my book. There is no evidence that the sequental growth predicted in the next 2 quarters is sustainable, just look at past performance. If they can keep it up this stock will rise substantially though, I agree with all of you there.
    Yet I still think their management is crap. I mean who names a company Blonder Tongue. It makes me think of a 50 cent whore. Their financial statement was poorly done as well. I mean just compare the info it gives to that of any other company; its garbage. Also its real cute how they magically switched 12 million in long term debt (on their balance sheet as of 12/31/00) to 2 million currently, with virtually no earnings. They just threw it under current liabilities. They aren't current since there is no way they can possibly be paid off within the next few months. These aren't accounts payable; they are costly lones. No, they have 14 times as much debt as they do cash! I sure hope they meet those estimates. Oh I didn't like their website either.

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    • From a buy to a basher in just one post. Just MY 2 cents. You can move on now.

      • 1 Reply to chrumbster
      • First of all I highly doubt you both are as familiar as I with the company's past as I have owned it or followed it since the company's IPO. I just informed you of the past problems the company needs to address to really succeed for the long term besides the typical pump and dump famous for these microcap tech stocks.

        I still remain strongly bullish here at least through the period the guidance has been provided and still own a big stake here. As you know there are very few tech related companies with improving fundamentals.

        By the way I have not sold a single share here since October 2000 at $6 when there were signs of a problem in demand but I have been buying the stock like crazy after the Q1 report.

        Chrumbster what made you so bullish all of a sudden. IMO your posts have no credibility whatsoever.

    • Gosh, talk about a one-sided negative post.

      1. Regarding year over numbers, one year ago the stock was over $7, today it is four bucks, so to compare numbers without taking into account a devasted, current stock price makes no sense.

      2. The numbers have historically been choppy, but the current guidance is superb. Plus, how many companies are even giving guidance in this market.

      3. The fact that BDR has become a strong growth play in this horrible market is very impressive.

      4. BDR never operated on much cash, your ratio is of no new news. Their current ratio is fine, even if they don't meet the numbers, unlike your comment that you ".. sure hope they meet their numbers...". The balance sheet is absolutely fine for current and future market conditions, that's all that matters.

      5. No inventory writedowns, the book value looks quite real and is substantially higher then the stock price/ Add to that very nice projected EPS numbers over the next couple quarters, and it is plain to see why the volume is WAY UP and people are BUYING. I'm sure there will be pullbacks, but the trend imo appears up.

      6. Net/net: the company is in a substantially better position then they were one year ago when there stock was nearly twice as high. And this time around, they even have visibility into the rest of the year.

      7. I agree, the name of the company is nothing to write home about, something a little more "modern/upbeat" could only help.

      8. Someone out there recognizes the stock as a steal at $4.

      • 1 Reply to musti89
      • 1. I am not just talking year over year, I am talking about their entire history, which encompases the greatest bull market ever. Inconsitent earnings= bad management = bad stock.

        2. Exactly, how many companies are providing specific guidance. Not many, which is why I think the potential to dissapoint is higher than it would be otherwise. It is this kind of management that has caused poor stock performance.

        3. STRONG GROWTH?! Sorry, 1q of good growth folowed by 1q of slow growth (all projected) does not qualify.

        4. Please tell me why u think a more than 14 debt/equity ratio is fine. (That is an estimate since they won't say how much cash they have). The long term debt that they switched to current liabilities is due to be payed soon. In order to pay this they will have to borrow more in long term debt, sell assests like their building (I don't think they want to do that), or get some serious postive cash flow. That is why they have to hit on all cylinders in the next year (which would be a novelity for this company). There is a reason their valuation is so low, a lot of companies in similar positions, with no cash and bad history, go out of buisiness.

        5/6. Though I don't care about the book value (WBVN had a book value of 5 or something went they file chapter 11), the company does look a lot better than it did just a week ago. Despite all my negative comments if this company can gain market penetration, meet projected growth and continue that growth, those risktakers out there could make a hefty profit.

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