NAPCO Security Systems drops ADI/Ademco distribution. Napco products available only through a large network of Independent distributors.
Does this mean anything?
Not really...ADI is a fair weather channel that is only needed if your really hard up to find a beginning channel to market. sounds like Napco is becoming stronger and does not really need the hassel of dealing with ADI.
Per the web (hopefully still accurate phone number),
Cannell Capital LLC is
150 California Street
San Francisco, CA 94111
415-835-8300 (fax 443-606-0067)
and J. Carlo Cannel the CEO apparently.
Put on some pressure and shine the light/get update
If Management screws anything up,
we'll sick Cannell Capital LLC onto them
(they are the 2nd largest investor in NSSC
with 883,000 shares, second only to CEO's 2.6M)
and of course other resources
(white knights to buy us out and dump current non-responsive Management,
Mutual Fund pressure,
legal class action investor suits, etc.)
BUT hopefully that's all unnecessary
and earnings and analyst reception etc.
White knucked but holding firm...
Ok fellow Owners...
I just called to reach the CEO, Richard Soloway
at the Executive Offices. 631-842-9400 x120.
Admin says "they are in a meeting" right now,
so I left a message for a response regarding
the Market tanking our stock the past week.
She says someone will get back with me.
I look forward to it.
Hopefully they are crafting a press release now,
confirming they stand behind their track record
and favorable guidance still,
and look fwd to earnings and analysts next wk.
I'll keep you posted.
By the way... CFO is a Kevin Buchal, per SEC.
Additionally, it looks like their non-existent
PR machine outsourced is Stephen Axelrod, CFA
and an Alisa Steinberg ("Media").
I welcome others to add their voice for responsible
feedback from NSSC.
Not willing to sit in the dark...
Here's an idea if someone would do it (I can do so when I go home tonight). Look on the Napco home page under distributors and start calling some of them. take maybe one from each of the larger states (metropolitan area) and ask them how the Napco products wereselling this quarter. This experiment wouldn't be all telling; but, could be an indicator as to what's going to be reported this quarter...
Do you have a date on when this happened?
Problem is, the timing here is so cloudy. It's tough to try to guess what might be attributable to the conference, to the peace talks, to jitters before earnings, to this perhaps....
Sometimes you can look back on a sell off like this and kick yourself for not getting out. At least as often you can kick yourself for selling at a loss for no substantive reason and missing a big earnings pop.
Per the last 10Q, growth continues:
Net income increased by $462,000 to $1,475,000 or $0.11 per share for the three months ended March 31, 2006 as compared to $1,013,000 or $0.08 per share for the same period a year ago. Net income increased by $1,375,000 to $3,773,000 or $0.29 per share
for the nine months ended March 31, 2006 as compared to $2,398,000 or $0.19 per share for the same period a year ago. These increases were primarily due to the aforementioned increases in net sales and gross profit as partially offset by the increases in selling, general and administrative expenses, net of the related increase in provision for income taxes.
I believe they've always been through Indep. Distibutors.
Maybe that's a competing product line?
I know NSSC is Very good at cutting costs
and being the low cost/best margin supplier.
Long and wtg on earnings and upgrades.
"From our cold dead hands"... you Aint getting my shares,
market manipulators trying to suppress price
and to put your favorite client into NSSC on the cheap
before (hopefull) earnings run up again and steady growth.