Micro, two things from the call might explain the margins. First, they said flying in product to get around the port issues was more costly, and two, they said what started out as a promising quarter in October turned choppy and more promotional closer to Christmas. I think we observed that with some of the online promotions during the quarter at Amazon and the company web site.
I would expect a lower open tomorrow followed by a rebound similar to last quarter. The challenge will be finding anyone to BUY any shares. Even the rational longs on this board are frustrated and in "show me" mode. It is never wise to invest hard-earned money in a company that has failed to execute again and again. Sounds like most longs feel like they are tired of averaging down and have resigned themselves to holding on for another year for a rebound. Problem is, I didn't hear anything on that call to convince me they have any specific plan to turn it around other than the recent stategy of "wait and hope."
Hope, you say that Madcatz is not as news-driven as in the past.
Truth is, how would we know? The incompetence of the CEO has resulted in NO NEWS of any significance!! Don't give me Gamsemart or Fire tv #$%$- I am talking about BIG news. A major console or game tie-in. Or an announcement such as a major U.S. retailer is taking on 10 sku's of the Tritton line and advertising them once a month in their Sunday circular. Or that the i-product is being carried in all the Apple stores. Something, anything significant that shows that the CEO is on his toes and the company has products people actually want. We definitely need an activist investor. Somebody here with a bunch of shares needs to get off their duff and get something organized. This quarter was a disaster. it was not what was guided towards, for the umpteenth time. And somebody needs to pay for it.
See, Uptab, these are the posts that give you ZERO credibility. Just minutes after another disastrous quarter, you are already pumping that it will be better after NEXT quarter. Just like on the Navarre, Hutchinson and other boards, you throw these pie-in-the-sky projections around and none of them ever come true. You fall in love with your stocks and throw ridiculous predictions around, never based on ANY facts. It's always, JUST WAIT LONGER. There is ZERO reason to expect any better next quarter, yet you don't stop. After TEN years of reading this #$%$, I have finally had it. Ignore.
Typo. Expectation $34M, not $31. One penny of profit. Up just BARELY over a year ago when the game console transition was the convenient excuse.
I hate to agree with this guy, but my message has been consistent for two years. They fail to execute quarter after quarter, and I expect more of the same tonight. They will use the port slowdown and foreign exchange as their excuses, and all the cheerleaders on this board will lap it up and give them a pass as they always do. Nobody ever holds the worthless CEO accountable, and nobody raises hell when they are continually out-of-stock on key items throughout the Holiday selling season. Nobody questions the lack of any big-game promotional tie-ins.
My expectation is for $31M in sales and a penny of profit. And anyone who says that is acceptable is drinking the Uptab koolaid. And no, Tabby, q4 sales will NOT equal q3. They never have, and never will.
just buy Micron at $40 a share? They have $140B in cash, and could lock up all their dram and nand needs for $40B. Plus it would give them more pull with Intel through the jv with Micron. Just makes too much sense for Apple, especially with all the investors asking them to use their cash pile. It would be an accretive acquisition from day one.