correction - modest sale at open, but given light trading volume this time of year, it had huge impact on stock price. thanks to jwm5436 for feedback
this is long term turnaround play with high potential reward/modest risk (as it has already plunged). they are cutting costs. now they have to grow.
Sales had doubled to $54M in 2010 from previous 4 yrs and company was on trajectory to go from loss to profit so comment may have been justified at the time. Sales are now $36M. They need leadership that spends most of time on the road with customers.
Its question of competency not fraud. A good CEO is a great salesperson, spending most of his time with customers - understanding and addressing their needs and closing sales. A good CEO's enthusiasm for this activity is contagious and drives the company and its employees.
Actually smart money, tired of waiting for godot, has been trading the stock, buying the persistent slow dips and selling the pops. I sold half position on the earlier pop into the 1.60s, keeping core position. I am beginning to reload trading position below $1 on belief they will engineer run to $35M market cap within the next several weeks.
replaces "from the fridge" with "bottles and cans". exclusive mention of 7-11 select, including sodas (made for 7-11 by jones). adds new 7-11 select categories : juices, coconut water, and plain water. one of the coconut waters is in yellow container - impossible to read, but it may be lemon-coconut water.
Nailed the downdrift. Sanderling not selling yet. It will be interesting to see whether they are able to engineer sustained pop to $35M market cap within the next 2 months
agree. the arrogant self aggrandizing behavior is inconsistent with the teachings and practices of the church.
Fracking played major role in PPB decline. Ironically now that oil is rebounding, Dems might call for eliminating fracking - a key point Sanders is pushing for them to adopt in order for him to bow out. If so the PPB upside might surpise
TY. If it repeats last year then look for Sanderling/Middleton to do modest selling this month. Then a pop in the summer so that it reaches $35 M market cap possibly followed by an offering, then erosion to year end.
Not if he identifies himself and does not selectively disclose information. There are instances where CEOs and CFOs have used internet boards to communicate with shareholders.
Good intro to company but did not and cannot make compelling case for valuation. It is certainly not a value stock at current levels. They have done a super job at cost control. Now they need to show growth with cost control. Q2 and Q3 will be interesting especially the 7-11 segment. Given 7-11, i'd consider less than 25% growth a failure, 50% would be nice, 100% would be a game changer..