What will it take to hit break even again? I am guessing there may still be some special charges in the next quarter. Even after the shuffling is complete, I would think revenue levels would need to go up from here before making a profit. The margin pressure due to low utilization at the Canadian plant and pricing pressures is somewhat unsettling. Even with some right sizing and cost cutting I don't see expenses going down enough to make a big difference especially with some added cost the additional ownership of the Canadian plant. Am I correct in guessing that we may have to wait until a solid up cycle in the oil business???
I was going to sell the remainder of my shares near 28 but never did. I might buy back what I sold if it dips into the low $25s again. The company seems solid and moving forward.
Does anyone know the % revenue from coal versus other applications? I did not find a breakdown in the last 10Q or 10K unless I missed it. Can anybody with a crystal ball guess whether the coal business has bottomed for them?
Why do these folks only sell low end merchandise? At least for the camping stuff for which I am familiar, I don't see any middle of the line brands like Kelty or Eureka. I would think they would at least try to be a fairly serious sporting goods supplier rather than just compete against merchandise you would find at a Walmart. Maybe that is a niche but I would think it would be hard to compete against big retailers.
I never been to a store nor do have I followed the company much so any feed back is appreciated. It looks like the share price is very reasonable. Also, they may benefit from some recent bankruptcies resulting in less competition.
I was just going to ask or comment on inventories. Are they not out of line being over 50% of annual sales? I don't follow this company closely so I don't know if this is indicative to the industry or to them historically. Any comments appreciated.
I am new to this company so I may be somewhat naive as to the history. It looks to me like the turn around is in tact as long as revenues don't drop off. It sounds like this last soft Q was expected. I am somewhat concerned about a longer period of softness since SGMA indicated that their customers were soft also. Doesn't sound encouraging for the overall industry or economy for that matter.
Since I am coming in recently, I don't share everyone's pain on your losses. Believe me, I have been there on other stocks and sometimes you have to throw in the towel. Hopefully better luck going forward.
The weakness cited in the last report sound somewhat scary, even for the market in general.
No problem posting but I see some old time posters vanishing and the level of and quality of participation decreasing. Maybe it is just the stuff I follow.
The really good thing is that it sounds like they already have the additional capacity in place.
That is a crazy range. I know that is what the company put out. I am wondering how they can make such a predition. Maybe based on increases in distributors?