they actually spent almost 4 million dollars to sell almost $400k in product? that subway money is pouring in huh? it seems like they are going to need incur another 15 or 20 million in losses to break even, maybe. and i think that is not going to happen before they file for re-org. is there a business plan here? i await a positive comment on the "earnings"
chris reed knows how to make a great! product. great product. he could not market water in the desert. but people discovered his great product over a 25 year period. that is wonderful. would make a great family owned business. not a clue how to grow a brand to national status quickly. not a clue. thousands of people have done it with crappier products. reed could be a billion dollar company. not with chris reed running it. hence jones stock price and cartoonish stock performance (down near 99%). hence reed's awful stock performance (down since 2007). LWAY, MNST are the examples of success and many others. can it change? sure. will it? unlikely. successful companies tend to stay that for a while. failures and mediocre companies tend to stay that way too. i hope both change.
i think you need to decide what your market is and focus on it. how can you try to sell to whole foods a supposed line of healthy sparkling water and also sell artificially colored and flavored soda targeted at skateboarding kids. they co-brand with fiat, yet the average fiat buyer is over 50. this is published, public data. when you see halloween cans of soda in orange with a scary cat on it, do you think "quality"? or do you think novelty. halloween merchandise is all disposable, cheap junk. yet last year they lost money selling halloween soda. it is all desperation because the company has no mission. they have no operation of their own. they make the product in an anonymous factory owned by someone else. they pay more attention to the labels than the product. whoopass? a brand based on a pun? they spent millions of dollars marketing a pun. get it? open a can of whoopass. so of cuorse it failed. they thought people would buy it because it was funny. could they say it was the best or unique or organic or something real? no. does cue have a core belief? clearly not. my cat could cut expenses. its not at all hard. grow a great product? no clue in the building.
that figured. pumped up for a bit then dumped with smart money making out well by selling. unfortunately, there is a good size volume overhang at higher prices. i think it will need to flush out on high volume. there is support at 66 cents or so, so it could touch that. it needs so volume to flush out though. never trust ads to buy a stock. i am surprised the company is playing this game.
what reason is there to buy other than seasonal speculation? this is a dead company, reliant on increased distribution of generic, me too products. the bull case is that they have some distribution of the products increase in texas? ok. great. imagine if they had something to sell at jones that was unique or exciting or high quality. i think that is what the sellers know. the company is overvalued by half with terrible growth prospects and no money for marketing and not much to offer. almost completely dependent on a single client.
zacks sucks, so i view their sell as a positive. they are all over the map. if there was no buyback here, mygn is $22. fortunately, mygn will be buying to defend the 52 week low. in a sector like biotech, that is a pretty sad achievement.
short story. many have tried to sell the technology in many markets. no one really managed to make a sale. why is hard to figure, but it is an invisible product which requires an educated customer. that takes money that they used to pay themselves rather than for marketing. in the cc you will hear exciting developments afoot with great enthusiasm by all. then you will hear how sales in the quarter were very low, losses high, but how it will change with diligence and perseverance. notice the lack of insider buying? that tells you all you need to know. the insiders know. i hope i am wrong. when the board and ceo start buying, you buy.
its not a cleaner. not even subway is using as a cleaner. and why would it matter if more restaurants used it? it costs a restaurant pennies a day with 20,000 subways generating 2 million dollars if they all sign on. $100 a year or so per restaurant. they spend more on toilet paper and straws. so why spray pure and clean when it adds a step and costs money? why indeed. for a decade they have tried to sell it to food service. ask the fda what they think of it. sorry, PURE ran from the FDA. so confident were the food experts. the company is worth about 10 cents a share i figure at this point. not based on sales, but based on speculation and expected sales. it is probably worth under a million in a private sale, and maybe much less.
the stock i sold to buy mygn. mygn has performed so poorly that i am actually down on the trade despite airm falling almost 50% after i sold it. i was pretty pleased. i didnt realize mygn would be such an underperformer especially in biotech which is on fire. even 200 million in prospecitve buybacks will not move the stock. it would be nice for mygn to announce something positive and meaningful to end the string of bad news.
technically, overbought for days now. it can stay there too, but i would rather see a pullback to consolidate gains. maybe they are doing testing for response to the ads to see if it affected sales. i am very concerned at the halt in overseas distribution annoucnements.
i think that really does hurt them. i do not feel that i can get questions answered. the language barrier is apparent in the conference calls. there is some lost nuance with the ESL of the ceo. i just found a number of points confusing, as did the analysts.
and another note. for them to announce they are buying back a quarter of billion in stock going forward and the stock to go up 65 cents shows me that the short position here is very, very secure. if you consider 65 cents on that news a short squeeze, you have a healthy imagination.
i think you need to redefine what a short squeeze is. you go examine mygn trading for the last year. identify all the spikes. good luck with that as it has been rangebound for a long time and is almost at 52 week lows. such lows in a short squeeze. ok. also, you do not know if the short positions are hedged.
it was one of the worst calls i have heard from a sadness point of view. one analyst asking them if they knew what they were even talking about. and they responded like they had nothing to do with the business.
the problem is no interest in their line of soda for children. not no interest in the stock. the company is a joke as a public company. they change that and the stock price will reflect it. they dont, as of yet, have a clue what they are doing.
who doesnt want to be there and doesnt believe there is much going on worthwhile. does he sound like a fighter? does he sound excited by the like machine? does he sound excited to purchase stock as if its a great investment? he sound out of ideas and wishing he was somewhere else, but the check keeps showing up every two weeks. biglari either wants the cash or he cant believe he f---d up so bad on an impulse. like he was doing yagermeister shots with nick, then woke up in the gutter. i bought what?