The military contract is over, not receiving a new one, and they do have debt of over 27 million.
I'm concerned about the entire stock market toumbling as fed prop up ends, European crisis persists, US housing market continues to sink and local state and city govt. cotinue to reduce services and employees. Good companies will get caught in the tide and I question whether investing in a shoe company at this time is a wise investment?
Yes and your investment has certainly paid off the last few weeks....bigmouth your opportunity cost on RCKY is actually much higher than what you will ever make as the gains in alternative stocks are much higher than this family honey pot.
Noone has ever hear you make one comment concerning the finances of this company except garbage about your investing acumen.
I would happily promise not to make a single comment in any thread that contains good information on the company activities or finances, let's see the cheerleaders do the same...highly doubtful and just what the family wants!
Im afraid the ONLY way to deal with the troll is to IGNORE him and ignore any mention of him.
If nobody responds to him or mentions him, he will move on to where he can get the rise he seeks.
It takes one click to the right of the page and you never have to read another post of his.
Sure, his moniker shows up as having posted but he will go away if nobody mentions him or responds to him.
Im guilty too. Its as fun to laugh at him as it is counting the money Ive made doing the opposite of what he said.
From The Olstein Mutual Fund June 30th Annual Report-
“The biggest detractors from performance during the fiscal year include: specialty footwear and apparel manufacturer Rocky Brands, Inc.”
For this to be true for anyone they must have bought very late in the day...during the time the cheerleaders were touting, the stock reached $15, and the family and insiders selling.
Otherwise is was hard not to have made money although not of late.
If it was so great at 13-14-15 shouldnt it be good at $11?
The cheerleaders seem to have disappeared or maybe taken gas!
Buffett, you really dont have a say in whether it is sold or not. You are just along for the ride and you can choose to buy or sell the shares but that's it. Family and the funds have the say and it most likely is being shopped now...if not it is being polished for sale soon, otherwise the most of the funds will bail.
Many of us bought lower and many have owned previously. Hopefully most did not believe the high blue sky hype the cheerleaders put out. Its a small potatoes company in a low margin business.
Actually you have a few cheerleaders on here who say it will go to 101 and other stupid comments. There was a good run up and the main hope is that the family dumps their stock and sells it out. Otherwise if they just keep milking it RCKY may be a long while getting to $15 again. The small company can't compete long term with WWW and Timberland and the other large brands and if they go back to Caribbean manufacturing instead of Asian sourcing, the capital requirements to keep up with technology will overwhelm them.
Yup life/stocks are risky. I've made some, lost some.
If you compare, say Vanguard 500 index vs say Verizon dividend for the last ten years, verizon wins. In fact if you left your money under the mattress for the last decade you'd be better off.
The questions are, why is RCKY worth the risk and unfortunately this board doesn't seem to make a very strong persusvive case.