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!
I agree with you about the very good optical performance of Meade telescopes. I also agree that Meade has cut costs quite considerably. But obviously they cannot make money with them. The key issues are gross margins: