Liked it so much I started researching the company's stats.
Liked the stats so much I started buying shares down here.
Company is going for near zero enterprise value!
Surely this company is still worth more than nothing.
Company is very close to squeezing enough costs out to be cash flow neutral to positive at current sales rate.
But with some hot new products, like Lightswitch, sales COULD very well increase.
The Coronado solar scope line is premium, and hot.
A RISING Chinese currency will HELP MEAD with their Mexican factory. CELESTRON would be at a disadvantage.
This company has a very very interesting history.
Started on a kitchen table with $2500.
Built up. Sold to incompetants by the founder for $6.5 million.
Bought back by the founder for $500 ! LOL
He builds it up again.
Recession hits. China hits.
NOW, time to rebuild again.
The pieces are there to do it!!
It will just take good execution, and no more blunders.
Great engineers at the company.
Great products. Great optics; the BEST.
Risk reward is POSITIVE, at this point.
I'm gonna take a shot on this little gem of a company.
You're right, numbers are the ultimate proof.
I happen to believe that we are going to see a significant pick-up in those sales numbers over these next few quarters.
Largely due to new products like the Lightswitch.
AND, when Meade starts incorporating Lightswitch technology into ALL of their GOTO scopes, what will the competition do?
And Meade also has a leg up on Celestron and others with their ACF technology.
There is A LOT that Meade now has to make this company worth more than a ZERO enterprise value!!!!
And the STOCK "IS" creeping up!
You are kidding, right?
A review means nothing. When's the last time you read a negative review in a trade magazine?
The only things that matter are NUMBERS, pricing power and bottom line: MEAD has neither.
"no meaningful product development in the last few years"
You're kidding, right?!
The Lightswitch series of telescopes is a MAJOR achievement and coup in the industry, receiving RAVE reviews. Developed "in the last few years."
Meade's trademarks alone are worth $10 per share.
Remember, there are ONLY 1 MILLION SHARES OUTSTANDING!!!!!!
Baby boomers retiring and waning, weak interest in the hobby, California (their largest market) and the USA suffering financially, China's competition marching on, no meaningful product development in the last few years: as a stock company they don't stand a chance. In fact in my opinion, it's a miracle they haven't gone under last year (or earlier)...
"If there is no hope for a succesful turnaround..."
I do have hope of a successful turnaround. All we need is a more normal economy, which WILL happen again some day soon, and sales of Meade's highly discretionary items will rise enough to make this much leaner company profitable again.
It is all good and well when looking at many of the good performing Meade telescopes. But the company is not making any money for years and there is no sign, no vision for a substantial change to achieve that. Too many years have passed by. The companny is fully restructered. All cost savings have been dealt with. Still margins are nothing like what they should be.
I disagree that there is no sign of a turnaround.
Each quarter looks better to me.
Management is doing a great job of cutting costs and leaving the real meat and essence of the great company.
And there ARE more things that can still be done.
Still among the BEST optics in the whole world, for the money. And that is VALUABLE!