Zbb had about 20 cars in the back parking lot (all cheap) and about 14 cars in the front lot (all cheap). Tier had on car in the front by the offices (Mercedes 550 SL) and about 12 along the side (all cheap). Why do I think the management of the two firms will not see eye to eye?
tier's plant was a well kept small building od cheap construction but not necessarily cheap to buy. it is the concrete block one sees in Wisconsin industrial parks. ZBB is in a metal and masonry facility (steel walls over a short concrete block lower wall apparently built in two stages probably for another company in the past. Nice to see that they were reroofing about 2/3 of the plant as roofs are expensive and firms in trouble don't tend to spend the money.
The people going into ZBB (it was the end of lunch time) looked like factory workers in Wisconsin. Anyone for a beer and fishing? The cars at Tier were pickup trucks and compacts. Not what one expects from tech people making a buck.
Hard to imagine a company supporting a significant market cap operating out of one small building and one not so large a building without any recent sales.
Overall the maintenance of their buildings looked goo, but the only sign of wealth was the guy at Tier's 550 SL.
I look at a lot of buildings and after a while they tend to talk to you. Given that this is Wisconsin and habits might be a little different there. Besides a large market cap for a company in little facilites the thing that impressed me was the obvious mismatch between a 550 SL and the cars at ZBB. Maybe the 550 was not the former owner of Tier, but if it was then it is discomforting.
NICE DAY TO DRIVE AROUND DAIRYLAND.
Why did you drive by and not go in to both facilities and see what's going on?
I don't think I understood all of your message with some of the conflicting sentences. So you think it's positive or it's not positive. One sentence says you don't see large market caps in small buildings and the other was you were impressed unless impressed actually meant not impressed? I thought the ZBB building was pretty decent size when I was there and looked like all the other buildings in that industrial park.
I don't know, ZBB seems to have had a heck of a time hiring theirs. I also don't know if I would call TIER a top engineering firm?? I was told TIER was hiring quite a few people as well....don't know, time will tell, just wish we had a higher stock price to minimize the impact of further dilution.
Now that I don't know. By my head count ZBB had 31 folks total, 4 in Australia. That left 27 in Wisconsin. I know they hired 4 position which takes the head count back up to 31 in Wisconsin. TIER had 16 and is hiring as well. I hope they are working on something. Given the two million burn rate it seems like they've done a decent job controlling expenses. How much of the employees working now are involved in integrating TIER?
Need to see some news from TIER shortly as well.
Here is the current need / employee they are looking for. Type of car needed, not stated,
I believe they are maxed out with the available footprint on the lot per city building code, so it is what it is.
I would amost be more concerned with what they are going to be able to handle INSIDE the building. The relations heating up in China followed by the new inroads in Korea are fine, but each will most likely require a person (minimum) to manage. Those people will need to be well versed in not only electrical engineering and power storage, but savvy (and present on the ground) in the respective countries. Who on this staff can handle that?
Prudent organizational maturity practice dictates that you get your act together with a tried and true product/process/support program PRIOR to branching out overseas. What evidence of solid performance in any past installations exists? Just an opinion.
you raise a valid concern, but my sense is that they realize that and have factored that into their business plans. China is China of course, but the Korean partnership and the markets that partner addresses are not homogenous by a long shot. The business cultures, operating environments, acceptance levels of renewable energy, and economies are all somewhat different in Asia. Seoul is the most modern and technologically advanced city in the world, so I am pleased that their new JV is out of there. Korean firms have varying levels of acceptance throughout ASEAN and the rest of Asia, and I would imagine they will focus on the markets that they do well in and are accepted in.
Unless I've missed something I am not aware yet of a sales effort announced or planned in China - they have 2 pilot/test deals announced but not yet shipped, right ?
Yeah, it's a lot of speculation to tell a company not to go overseas b/c they aren't tried and trude in the US. If they are testing the V3 in S Korea to increase efficiencies then they have 4 Australian employees they can put on the ground over there. They also just hired a few engineers perhaps for this exact reason. I'm not gonna complain about doing a JV that is giving us a 3 million cash infusion. They have been pretty methodical with their plan so far so I don't see any reason they weren't prepared for this as well.
No offense Jeff, but you think too much like a lot of people in this country who right now don't have a pot to p--- in! Too many people think that just because they have a big pay check means they can go around flaunting how much money they make. We all know this is immature and is a sign of someone who is in desperate need of acceptance and attention. I was a district sales manager for a large company in Milwaukee. I sold expensive power supplies that cost hundreds of thousands of dollars and made very good money at it. Our engineering manager (MSOE Grad)
rode a Harley Davison motorocycle and a beat up old 1995 Chrysler. Our top mechanical engineer also an MSOE Grad and a PE, drove an old Dodge Charger. Our top design engineer still drives a beat up old pick-up truck that constantly needs repair. They all make top pay for their professions. By the way, I presently drive a 2007 Scion XA that gets roughly 42 miles to the gallon. Start thinking about people like Warren Buffet, here is a guy that still lives in a modest home in Omaha, Nebraska and drives a modest car. He can have anything he wants. The difference between people like him and people who think like you is, they work very very hard for their money, live modestly, don't flaunt their wealth but instead share it with others less fortunate.