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Cobra Electronics Corporation Message Board

  • microcaptrader microcaptrader Feb 20, 2013 8:06 AM Flag

    $35.7M sales...$1.37M net...$0.21 eps.

    that's below the year ago quarter but still not bad given the abysmal macro backdrop. Will be interesting to see what happens with the share price.

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    • It was abysmal, and Bazet has lost a tremendous amount of credibility. I'm done with the smoke and mirrors, and the shell game here. The company needs to be sold. It's too small to be independent, and the brand has considerably more value to someone else. Any bid at or above $5 is fine with me....but the board doesn't care about the shareholders, so this becomes a buy in the low $3's, and a sell in the high $3's, going forward, imho. Basically, a value trap. They go through these cycles where they have "hit" products, and then they don't. And the insane volatility of earnings pretty much destroys the interest of Wall Street.

      I see the stock trading between $3-5 for the next couple years, basically. I've got better places to go, and I've, again, pretty much had it with the "fun and games" aspect. (I'll buy the stock, exclusively as a trade, in the extreme low $3's, so I'm not saying it's a stock you need to "panic out of," right now.)

      Bazet doesn't seem to have the self-respect to eat crow, when he needs to. As if not addressed the missed projections is a legitimate basis to pull the wool over all of our eyes.

      I own a little over 1% now, and if anyone wants to have them at $3.75, you can.

      • 2 Replies to longtimefollower
      • "The company needs to be sold. It's too small to be independent, and the brand has considerably more value to someone else..."

        There are more than a few micro caps in the same situation. Solid brands, marginally profitable, but too small to generate much of a return above their OpEx. I wish I had the capital to take them all private. I'd consolidate the SG&A expenses, eliminate the listing and compliance fees, and make an excellent ROI. If that didn't work, I'd just sell off the brands one at a time to the highest bidder.

      • "I own a little over 1% now, and if anyone wants to have them at $3.75..."

        Call Satterfield. Y'all can probably work something out.

    • Micro...things aint great, but geeze the miss was humungous. Last quarter, they guided for FY 2012 to be similar to FY 2011 on an operating basis (and they also stated that q4 '12 would beat q4 '11 on an operating basis, but thats implied in their yearly guidance).

      So, in their conference call (and earnings pr) last qtr, COBR guided for a $2,850,000 operating profit this quarter, but the actual op earning turned out to be $1,380,000. And one of the reasons this quarters guidance was so high, was b/c there was a big miss in the Sept quarter, and they stated much of that missed revenue would be made up in the December quarter. And the March qtr guidance they are giving aint very strong. For full year '13 they are giving strong guidance, but I think they are basing that on a improving economy.

      Anyway, I'm not saying COBR is not a strong value....but the quarter was horrible, imo.

    • Should do ok.not bad and a better 2013 and the alabama getting near 10% owner who is buying.

4.280.00(0.00%)Oct 8 3:58 PMEDT

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