Guys did a very SOLID job, and they sound thoroughly professional. Business is really coming together and believe we are in position for a STRONG product sales year. Lots of good new/updated items, and don't want to do any injustice to any of them, but I am excited about the Wildcat. Big ticket item, HIGH demand, and we know Polaris is going great guns with their version. While I have not had the opportunity to play with in person, the specs look very enticing and the design is SHARP. Was mentioned on the call, that even-thought they have not put formal pricing out there, THEY ALREADY HAVE CALLS FOR ORDERS. Nice, thats what I like to hear. DEMAND!!. I think this is going to be a big winner and a big revenue generator.
Anyway, think we have a real winner in the stock too. We are under the radar at present, but that will change over time and I think the management team will get us that visibility. Really liked the tone, and the way they handled the call. I was a little itchy to see them do a share buy back with the $100 million cash, but in these uncertain economic times, I also appreciate a ROCK SOLID balance sheet Which they have,, ZERO debt & $100 million cash). They had one "lady analyst" pushing on that point. They were very polite, but I'll go with managements judgment on that over a dufus analyst that more then likely has never run a business. Jobs has $78 (B)illion on his balance sheet and the analysts are always harping on him, BUT I'm much happier having Steve decide how to spend the money.
I would vote for a share buy back, versus a divided though, when they get around to it. If business and economy continue on up-trend, expect they will generate significant cash in the coming qtrs, and putting a small buy back out there probably would be good PR and very affordable.