The volume today was amazingly low. Not surprised to end red but here is a new trend. In weeks past we might have dropped .25-.29 on a day like today. There are buyers out there now. More confidence in the potential. The broader market has had a rough week and we held solidly above six. I believe last weeks mystery buyer will strike again next week. Should hear a date for Q3 call as well.
From the call last quarter, Hoby indicated that a large portion of expenses were due to the final closing of the 2nd branch location. The goal was to slash the SG@A and it should now be evident moving foreward.
Over the last Nine months, this stock has done nothing but SLOWLY creep up. Two earnings calls with less than stellar performance and it does'nt go down. OP and others are correct in the assumption that bottom has been verified. All we need now is a little something in the good news category to take it to the next level. In the mean time, it's nice to not worry that the bottom will fall out any time soon.
What about the World cup endorsement? They've got the captain from the Brazillian soccer team lined up. Personally, I think that is a genius move. There is no bigger stage globally. Well, maybe the Olypics, but that is much more diversified. Should pan out some profits.
Really... The only words uttered out of Hoby's mouth were the obligitory lip service, rah, rah speech at last earnings call. No press releases. Absolutely nothing to be excited about. We won't hear a peep or article or anything until the 30th at 4:30 p.m. I'm not banking on "big news." I'll just be happy with steady foreward progress..
So where do we go from here? I'm curious to know how much of population even knows that this technology is available to us right now. I would guess 2-4% I honestly didn't even think it was a possibility two weeks ago and now I have them in my ears. Correct me if I'm way off base, but I would say that this is as "cutting edge" as a product inovation gets. I cannot imagine that five years from now, people will still be buying plug-in head phones and buds. This is A MAJOR PARADIGM SHIFT. All the joggers and people working out in the gyms and people like me who like to work with earbuds in and have agonized for years and years with that stupid.. flippin.. cord can now be free!!!!!!! So, do I even need to say that there is going to be a monsterous BOOM in the enire headphone business in the very near future. Earbuds are not like a car, you don't have to wait till your old one wears out before you buy some new ones. The only question is this: which companies are going to be ready with product when the boom hits. ....and which ones won't? HMMMMM...
Mike, you hit it on the head. Hoby had best deliver something tangible or at least start letting us all know what's in the pipeline. I'm a believer until otherwise proven. Maybe I should go visit him personally. you think? When is the next meeting?
I dont know exactly what all that means, but I'll say this. I hope there are other buying entities who are banking on more than a guess... Like I am.
I do love to read your posts. your intelect. The very fact that I consider you a "friend" of sorts via this message boards is proof of acceptance despite difference. Not all those with faith view life as you percieve. and I think the truth is, it has nothing to do with faith itself. It is the byproduct of many other things. Like, socialization, fear, disease,capitalism, etc... Dont throw out the baby with the dirty bath water. Gotta go make some bread.... Go DECK.
a signal for what. It looks like some kids sold their bike to buy a couple hundred shares and then some one else sold lowball. Bottom line is that this is not big news either way. We wait 3 more months.
Mike, I'm not looking at this issue as a matter of impatience. I'm thinking that this is going to be a major paradigm shift. And I'm just wondering why a supposedly cutting edge headphone company does'nt have any wireless headphones yet. I actually ordered a set from Outdoor tech and am eagerly awaiting their arrival. If they perform, I think it's a done deal. No more wired headphones when I go jogging or snowboarding. I'm thinking this should be a HUGE seller. For whoever is in the game..
The $10 million dollar buyer from last quarter will strike again and bring shares up to the respectable sixes. Any sniff of positive news or foreward progress or even another 10,000 shares bought by Hoby would ignite this thing. I posted about six months ago, "what's the downside?" I still believe it is nothing more than a waiting game. This company is valued as if it were going out of business in a month or two. I Just don't see it. Gaming is off to a great holliday start as well as BBY. Just sayin'...
So it appears that the new range is 6.15 low and 6.60 high. It used to be 5.10 and 5.75. With absolutely no news available, why has it changed? If there is good news on the horizon( which I certainly believe) why do people continually sell out. I get that the spread is a quick score, but what if the big news comes and you just sold your stake. This company is amazingly quiet.. I'm gonna pass on the small bucks..
I'm with Mike on this one. I've seen over the last nine months this stock just does it's own thing regardless of the broader trend. That's why I like it! It's a great value and as long as there is no bad news, we will appreciate. Even no news is good news so it seems and Hoby is good at No-news...
that's exactly it. Now simply a game of waiting it out. I do believe the personnel changes will pay off.