they dont yet know how incredibly hard it is to make kombucha. it is almost impossible!! they need to go to a seminar where chris is speaking to discover just how hard it is. omg, wait until GT Dave finds out how hard it is. he will freak out. look at reed at a new multi-year low, while the market is nearing all time highs.
only contempt now everywhere for chris reed and the clown show. i am waiting in the next month or so for more resignations.
lol. there are 100 million shares out there. $6 is actually a pretty rich valuation for the current revenue. i think it eventually goes much higher, but $6 is pretty good now. in two years it will be $20 provided they get CE for red blood cells.
it is too late to deploy meaningfully at this point. the die is cast. no momentum here and i hope the shorts dont pounce on it again.
the conclusion of the chicken trial, which appears somewhat delayed. if the chicken trial isnt a resounding success and approved, this goes to 20 cents. in a day.
i do expect the trial to go well and for them convert at least one client to using it. there is no hope for the stock outside of chicken, imho. it appears that hard surface is a mirage and produce is being shunned.
this is going to hold current levels much longer. might need to pull back a dime to tempt buyers. cue just isnt inspiring buyers going into summer. i think we have seen all they have to flash for 2016. disappointing given the potential to build. i guess private label for 7-11 was all they could handle.
add another 200 million. 1/3 of the company now retired from the float. and the stock cannot advance beyond its highs almost ----- 20 years ago ----. i guess it is a slow mover. give it another 20 years. sorry, there is little excuse for the tepid growth of mygn. if the products are good, then the businessmen failed to exploit and innovate. it isnt even performing as well as the major averages, especially if you remove the massive buybacks.
before profit taking sets in and the new range in the downtrend is established. another blown quarter and the bottom will be $2. so be careful.
the brands are certainly dying. growth has been slowing despite the fact the secular market has been hugely in favor of craft mixers and soda. the alcoholic root beer has been a very hot segment, completely missed by virgils, yet so obvious. alcoholic ginger beer, too, so obvious.
so many growth opportunities missed. cider? massive growth. missed. so the old virgils brand and packaging and the old reeds brand and packaging have lost huge share to goslings and fever tree and Q and bruce cost. kombucha timing was great and now the product is a failed dead product due to myriad errors. pepsi has introduced a natural fountain product, and i am sure coke will follow. reed could have been bought for paper clip money by a major, but the brands were not regarded as needed. meanwhile Ballast Point Brewing sells for a billion dollars. i dont drink reeds kombucha any more. few do. GT is good and better value.
i do buy root beer as a treat for my young nephew. like beer, i look for exotics for him to try. virgils is like buying coke. i dont buy it since its boring. china cola? flat out stupid branding.
toxic in a bottle. so what brand innovations have there been in the last 5 years? not one i can recall. not one.
lol. the quality of the board? you think chris wants a board? as for the bottom of a cycle, you will better off with abrw than reed. even celh. nothing will improve the quality of management here. the stock might rebound, but the brands are dying brands.
astutue of you. that is why suggested jones would surpass reed in market cap, while he (on my ignore) suggested jsda closing their doors. really similar.
my prediction of a cross is a only 15 million apart now. if cue can begin to figure out how to invigorate the brand....
unfortunately for us, she does not a have a clue on that. maybe that is why we have private label and cocco as the initiatives. kind of a surrender for the core brand.
good thing they spent hundreds of millions buying back stock, instead of researching cancer or buying companies integral to the mission. sarcasm.
how is that working for you charlie. i own a litle of the stock. if i were smarter i would have shorted it.
until sege resigns or is fired and a lighting guy takes over, this is a pre-bankruptcy. and everyone thinks so. if i were a lumi executive holding soon to be worthless paper that ron shoved in my desk drawer, i would be #$%$.
lol. come now. of course it is legal. they should be finishing the chicken trials within a month or two now. the real incredible news is that they have gone into june of 2016 without a single notable sale of product. despite having every possible tailwind. you dont even have subway adding to its position, just selling pressure and retreating buyers. i am hoping that chicken brings in some income, however, this is looking poor for every other area.
they have the combined influence of a gnat. CERS is doing a poor job marketing. that Rio doesnt have the technology in place is astonishing. if you cannot make that sale, you need to retire from sales.
how gullible are you? the daily caller editors depend on idiots like you to be their sheep. ask an adult for assistance.