Hard to get excited about that.
Didn't quite make it to your 50k+ share volume threshold, but clearly somebody is taking and interest and building/adding to their stake here. If a tender for $15 was offered today, I don't know as I'd vote to accept it.
The Amazon Fire TV Controller went back into stock on 2/19. Are you suggesting that is what was in the container? Seems odd that MCZ would recognize that revenue in Asia, yet bring the product into the country via its own warehouse. More likely product would be shipped direct to Amazon's distribution centers.
I would agree with your logic. The advent of these big purse competitions certainly can't hurt however. Players who get reasonably good with a regular controller might want to upgrade to the arcade fight stick just to see how good they can get. Kind of he same way a certain percentage of casual golfers go on to spend outrageous sums on extreme quality golf clubs.
About the only way I can think of to even estimate the size of the fightstick space would be to look at game sales. Tekken 6 (2009) sold 2.71 million for the PS3 and another 1.27 million for X360. That's not too shabby, although more recent games haven't come close to those numbers. Also, I have no idea what percentage of game players use a fight stick to play.
Whatever gets us up and moving! They didn't get any shares from me, and I guess if somebody is so lacking in conviction that they sell based on message board banter, they should probably stick to index funds anyway.
"He's definitely a passionate gamer, although definitely low energy."
I imagine those transcontinental and coast-to-coast flights will do that to a person. I follow him on Twitter, and he just returned stateside from Japan, spent a very short while in San Diego, and is now on the East Coast.
I'd sure like to know how big the arcade fightstick is. I can't imagine that it is currently more than a couple of million dollars per year? Seems to be growing however, and a lower price point stick may increase interest.
Well...at least somebody has decided that there is a favorable risk-reward ratio at 36.5 cents. Those two high volume down days seem to have scared the heck out of most everybody. I know I haven't bought any more. Not a lot of conviction on the buy side recently.
he apparently is THE arcade stick guy. Funny that he mentions that coming up even he thought Mad Catz controllers had a bad reputation.
Pointy haired boss: "You should buy a stock whenever the chart looks like a squirrel sitting on a clown's shoulder."
Pointy haired boss: "That's called 'Technical Analysis'."
Asok the intern: "I'm not going to do that."
Pointy haired boss: "Good, because it doesn't work if everyone does it."
" Fatigued" is an excellent way to describe it Hope. I am completely and utterly fatigued by this company. Not giving up on it at this point, but the idea is constantly on my mind. Who knows, maybe that's the plan? On the other hand, maybe DR just isn't the CEO to return MCZ to annual profitability.
My basic point was that MCZ has all these "supposedly" awesome products, but they're not doing a very good job selling them. Obviously, for a given revenue level, there is a minimum gross margin percentage required in order to cover operating expenses, but once that number is met, then as long as gross margin on each additional dollar of revenue exceeds the marginal operating costs associated with earning that dollar of revenue, then by all means, sacrifice gross margin for net profit. We need to see break-even or better from here on out!
Frankly, as long as we experience no further balance sheet deterioration, I'll be happy. We'll survive to fight another day. I'm hopeful that sales of the CTRLi/r will eventually begin to accelerate, and we're one hot product away from much better times.
What do you mean you "don't know"? Inventory Turns is a common financial metric and a simple calculation. I gave you my assumptions in the post.
Please figure out a way to sell some fscking product! I don't care what the margin is on the sale as long as it's positive and it results in a net profit. 30% gross margins are great and all, but I'd rather have low margins and some profit, then great margins and no profit. Just saying. Yer Pal, MCT
Unless they just found a few boxes lying in the back of a warehouse somewhere, Amazon blew through that latest shipment in a hurry!