Forward projections from the CC:
1. "Long term mid to high single digit percentage growth"
2. "Meaningful earnings growth and cash generation"
3. "Objective is to build into a much larger organization"
4. "We believe we're gonna continue to have the best mousetrap"
5. "there will come a time when we say; do we do a buyback, do we pay a dividend"
I could care less that the CFO is monotone. He seemed pretty determined when he answered the question regarding the shorts and that "we believe we're gonna continue to have the best mousetrap". Management has a very solid background. I would not be against them.
I believe he mentioned in the presentation they plan on growing in the high single digits which is something they've mentioned before. It's rather irrelevant if they make forward projections or not. This is not the kind of company that can make full year predictions based on the current quarter, customer feedback, or economic conditions. It's almost all based on how well their products sell during the holidays and the rest is how they manage their inventories to accommodate demand. If you ask Mattel how many Physicist Barbies (I'm sure they must make those!) they will sell this year I doubt they will give you an answer. Mattel and Hasbro are also much bigger and have a much more diverse product line, so their earnings are at least a little more predictable year over year. I still believe Leappad 2 will be a big seller this year, but I think it would be foolish for management to try to come up with some hard numbers on what they expect to sell.