Please all. Success in computer glssses is non-relevant. Put your money elsewhere. This Company isn't to benefit shareholders. Never has been. I've "invested" in and watched it for more than a decade now, and the paraphrase that comes to mind is "legal quasi-fraud". Please don't spend any more time or money on Kopin. You deserve a real chance.
Sentiment: Strong Sell
I too have a hard time being positive on RV sales, much less profits. Regardless the weather, I just don't seee favorable economics. Too many people don't make their own decent living, and the once expected boomer retirement rv propulsion isn't going to happen in anything close to what was once anticipated. From where I set, it's time to re-define what recession means. this so many quarters of reverse gdp growth doesn't ring true. Most people remain in "recession". Have been for years....looks to continue for years. Wish I could paint a happier picture. On the bright side, i do think the stock market is to do well long-term. Someone is going to make money in spite of the poor under-employment problem we're mired in. and it seems, this is a worldw-ide dilemma, not justa U.S. problem. Something unseen will eventually come along and shake things up....in the meanwhile, there is nothing else to do with money besides the market, so I'll guess the market will do welll.
I think you're right on identifying a good part of the problem. Hope you're in jest as to the suggested solution though. I really don't know how to fix this thing, short of some sort of calamity, with people once again either cold, hungry, reliant on relatives, or dead, as was pre-1935.
Wasn't aware of insider buying, and I know little about the metro bus thing. There was though an interesting order in the local newspaper this past week talking about how difficult it is to get people hired to work now. Winnebago, like just about all employers who can't offer executive wage jobs, simply can't get enough employees. . I suspect if the Metro bus thing did take off, Winnebago wouldn't have the people resources to grow it as they'd like. And it's not a Winnebago problem...Walmart, McDonalds, Joe down the Street...whomever....unless an employer can offer a premium job at a premium wage, people aren't coming or staying at work. $12 per hour and less jobs are what's out there, and employers like Winnebago can't pay more and still effectively compete. Heck of it is, I've no idea how this can or will change. This economy is nuts.
I'm sure they'd love to pay a dividend again, but of course they'd need a return to reliably sustained profits of a certain level, and that's not looking likely for at least the next few years.
This sort of backs my personal belief that ifa nyone makes money in the motorhome business, it's going to be Winnebago. This isa good Company run by some pretty good people that have been working through a trtemendously difficult past decade. As to the share price, I'll guess with you.
I've often wondered too. I've owned it for moretha n a decade, and even when it was doing well, it wasn't mentioned much either by haters or likers. Sure has disappointed these past few years now...thinking it has something to do with all these commercials on tv with the attorneys asking about injuries involving internal skin mesh...but I don't really know...little frustrating just the same...thought I'dat least lety ou know someone read your post. Best to you.
It refers to the small Company they bought in Indiana to get into the non-motorhome RV business. They only paid $5,000,000.00 for it, and of course it was not profitable at that time. Nearly nothing was. I'd thought at the time it was one of those things that if anyone could do it well, it would be Winnebago with the infrastructure they have in place. Ie ven had hopes they may shift production to Forest City Iowa and consolidate a bit. However, I know as goofy as it sounds, Winnebago is having a veryh ard time getting enough quality help to fill needs at the main plant in Forest City, so moving another facet of business there is unlikely. In their latest earnings report, it also surprised me to learn that this towable rv plant in Indiana showed a loss fort he past quarter of $850,000 which seems like an extreme amount of money for something that was only a $5mil initial investment. The report went on to say that Winnebago let go of the fella that was running the Indiana plant, so hopefully that can make a difference, but it was very disappointing to me anyway. The people who run Winnebago, possibly excluding this towables adventure, have simply done a wonderful job the past 15 years or so making no mis-steps. The past decade or so has been nearly impossible to deal with and they've done a really great job. I don't have a good feeling about the motorhome industrya s a whole, but whatever possible financial success is available, I do think Winnebago will get far more than its' share. I'm not going to get really worked up about the towables thing, as I have enough faith in Mr. Potts and the people he works with. If buying that was a judgemental error, it was certainly not one to jeopardize the long term viability of the Company, and i imagine they'lld eal with it to minimize the loss and move on. That's what good business people do, and these are good business people....not Wall Street wizzes or slick guys...just smart average people.
I think Winnebago has done pretty well too. Hard to guess what the price of shares will do, but the Company has made the best of a bad thing. I am a little surprised this towables thing isn't figured out by now. Also, the Company still has a very hard time hiring people in Forest City, and I know how frustrating that must be.
I don't get it...If the Company isn't selling any shares, why in the h do they have any business in announcing the sale of shares, regardless of who is selling and who is buying, and who is underwriting? How many more times will this disrupt the share price, or at least disrupt the thought process of the share owners? Who owns all these shares, and why is DG announcing for them?
I'd sure like to think so. Kopin has been a sham investment for the 12 or or 14 years i've followed and "invested" in it. Always, the Company is full of wonderful technological intuition and supposed military application/interest. One or two major pumpers made certain Kopin received a certain amount of national businesss coverage and provided an air of legitimacy from time to time. I very much doubt whether this latest glasses thing is any different although once again, interested parties have done a really nice job at making the issue compelling. I do recall Kopin spouting off about computing eye gear years ago. Do I believe they have an upper hand that may lead at long last to sustainable profits? Not a chance in ten.