that's an investment thesis?
not a single remark on SOW #3. Why was it even mentioned? Was the quarter so bad they had to go to that?
WalMart was 28% of rev and Raymond was 11%. 345K options expired or were forfeited. 40K options were exercised at a little over $3.
Europe sales were down and they lost money.
Nothing else that was remarkable.
yet just a few days ago the cheerleaders said that was not the case. Now the argument is at what price.
All I know is they are burning $1M/month. They have under 15M shares and can't dilute more than 1/3 of the outstanding in any one year. They can't sell more than 20% of shares at any one time without a shareholder vote. So they are limited to 5M shares for the year and 3M shares in any one deal.
They MUST sell shares over $2, more like $2.25. Assuming a 10% discount, they need to get the share price to at least $2.50 some way.
Save the money and lower expenses. These roadshows do nothing
one thing they do have going for them is at end of year, 1/2 of their rent payments ends on NYC discontinued business. Will save them about $350K/yr.
Not sure why they increased the dividend. would have saved about $850K/yr keeping at what it was and would have still had a high yield
I hear that public education is very poor in Costa Rica. Most are illiterate dolts
This company has burned through so many sales guys I can't keep track of them. Sales seem to be on a linear trajectory no matter who is in charge. Norm's tenure so far has been vastly underperforming once you take out WalMart spare parts. In fact, growth is even less than historic norms.
The tech guys have put out new products; GSM and cellular TAMs devices. cell costs have gone from $20/month to under $1/month. We now have Analytics. The VMS side has a new VAC4 which runs on RFID/WiFi and now cellular too. New VAC4 is easier to install and configure and comes pre-loaded on some forklifts. Also has Analytics.
So why doesn't it sell? I think the fact that it is a "brain in a jar" or "island of automation" is the biggest factor. Great, you can keep track of an asset but where is the tie in to the SAP and WMS system? Are the tech guys just stupid, blind, or incompetent?
Or is it something else? Does it crash often? Is it hard to install and upgrade? What the F is the problem?
what grades did you get? IF you sent them in, PCGS stands behind them. Why is there a problem? Why are you making such a huge fuss over nothing? If they are indeed fake, you will get a full refund and restitution. Companies make mistakes. You need to handle this in an adult manner.
go back and read ALL my posts on RVM. I was a heavy buyer at 5c and a seller at $6. Those posts are all still there.
Now guy get your free lunch. Good for you. I like it when folks in the bottom 20% of society get a little money.
Anyone remember President Bush telling Sec Brown in New Orleans what a great job he was doing after Hurricane Katrina? "Good job Brownie". Well the facts were that he was doing a terrible job and he got fired not too long after that.
Here's what Ken said about Norm on the CC:
"I think Norm has been doing a fantastic job for us."
Facts are sales increases are up only due to spare parts going to WalMart. Other than that our revenue growth is actually below historic "norms". Norm has done no better (maybe even worse) than the last 4 sales guys who got fired. He just has a higher pay package. His claim to fame is lowering the cost of the VMS units to spur more growth. That growth has not happened.
"Good job Brownie"