i call bs. 1/2 of a good IR guy's job is to sell the shareholders' position back to management and incorporate their needs. he failed. $4 stock after 20 years. a joke. a failed business. sorry. it is a company built on promises to investors, broken time after time. now their big announcement is partnering with yet another chinese company, subsidiary of the totalitarian government, thinking it will work out for them. while scratching their heads at where all the chinese made UCs are coming from. so mike sund was a mouthpiece of an ongoing failure. in my book, he collected a check and chatted.
dude. there was no heavy lifting. she cut expenses. wow. so hard to do.
the heavy lifting is creating a product that isnt a me too, generic mediocre product. their premier products are complete artificial #$%$. junk ingredients in a bottle. cue could not market her way of a closet. that is why they tie in fiat. she thinks foofoo berry soda is drunk by fiat drivers. maybe that is why despite tens of millions of investment the company loses money selling soda - for 20 years.
increased sales outstripped by massive expense. hey, it is all ok because they can always sell more shares. i especially like the the upcoming preferred E series i expect later this year as money runs out. and rk, the stock went up a penny on this stunning growth report. people are not buying this story any more.
so it looks like i was right. jones shares outperforming reed. what a shame. maybe next year they will do better. but the future that once was so bright has been permanently tarnished. you cannot make up for the lost time. it is completely clear now that the kombucha will be a failure in the market. it will drop in sales to fourth or fifth in the market as other companies execute. all chris's braggart comments about the leader look comical now. 9%? wow. they already hit a wall. and next year with more production, they will have double the production problems. why? because they have them every, single quarter. next comes the dilution since they are out of money. i wonder if goslings is selling more ginger beer now.
i have not listened to the thing yet. i marvel as always how i have never, ever heard another company run the type of operations chris runs. it is like having a cartoon golden retriever in charge. and its is sad to see the brand being utterly neglected while they figure out how to make a product. but how long have you been making this? it is not a new product, yet every quarter it is like a hobby business. nothing is working properly. not one thing. so the current quarter is going to be a another big loss and another missed chance for millions in sales. its over. a completely blown year. and look at a chart for the year. awful.
why? there was no reaction by the street at all to this. and myriad with their incompetent marketing department will probably not make much of it.
i dont hate him. i think the marketing for reed has been so incredibly poor that it has permanently disabled the future growth of the company. their marketing is just awful. utterly amateurish. so they have given away the lead they could have had. they could have been GT for ginger. no longer possible. ship has sailed. they are now a upper end product, but not artisinal. fancy stores have higher end product and it sells better. hence bruce cost ginger ale outselling reed but being twice the price in the whole foods. bev mgr hated reeds for poor distribution. loved cost and was making a ton of money for the retailer. 8.99 outselling the 3.99. better profits, better perception, better packaging. sorry. and i was at the food show. i was shocked at the appearance of the reeds booth. that is marketing and no one else in the building looked like that unless it was some little #$%$ start up with no money. not 70 million company. and the bottom line here is the stock is down over its lifetime. so impressive.
yeah alan. this board is for long investors only. no one wants to hear any other views. god! why do people post on boards unless it is to pump a stock???? GO OXYS!!
yes, the ten minutes a day i spend on mbs is killing my social life. if you want to disagree with me on something, do so. but after a review of all my posts all you came up with was sarcasm? i do run a company. it makes more money than maxwell. it makes a profit every year. and i dont lose hundreds of millions of dollars for my investors. they all get paid.
5% you say! wow. they are on pace to double in size every 15 years or so. its awesome. 5% sales growth. that is simply breathtaking. adjust for thinner margins and you have biotech growing at a wild 2% clip. they dont have a clue how to run the company, and that is the bottom line here. there is an entire world out there, but they can not seem to get out utah.
notice the multiple for ROX is 3.5x sales. while chris reed has managed a 1.5x. interesting. i think one company actually is perceived as professional and one is perceived as a clown car. rox is managing to accumulate some nice brands and i think will outstrip reed for ginger product sales. chris just figured out the bar scene. ROX sells rums and the mixers. i am not a buyer of rox at this valuation but under 80 cents it is tempting. until chris reed steps down, REED is not going too far. it is amazing to me that they simply are so bad at marketing a quality product. the guy's ego must be stunning to behold.
he doesnt have to justify it. he just has to cash the checks and relax for a long time. i doubt he really cares much about investors except now when he has to mollify them on a call. i am expecting a bad, bad scene. i hope not, but i have seen nothing to inspire from mygn in a long time. they simply dont know what to do next. its been awful leadership. awful.
i think they are smart. you dont buy what you dont want to own. they make money from salary and invest their money elsewhere. above all in the company they understand chris reed. so no investment does not surprise me. honestly i expect them to not stay long. they are not used to trade show booths that look home made at the largest specialty food show in the country. i think they are more professional than reed will allow.
the season for soda is the summer. the summer is over. they made not a single announcement of consequence. all fluff and bs. the growth rate has been deteriorating for more than a year. they have given up on kombucha essentially as a failed effort. but how chris bragged about it's unprecedented growth rate. then they could not figure out how to make and distribute it. let alone at a profit. so they stopped mentioning it much. i expect a growth rate of about 18% yoy, maybe a bit less. and a loss. i also expect more happy talk, but no mention of why the stock is below where it was when it started trading almost a decade ago.
yeah alan. they are going to a distributor so that does cost anything, just pure profit! and they are going to sell the best drones alan! so nyah. expenses dont matter alan. being a distributor is like free or better than free. like the distributors for oxysure dont have any expense. um. well some expense and minimums. um. nevermind alan. you are stupid face. the bell rang. i have to get back to class now. hey rkreh, we have to get back to class.