profits will be up? they dont have profits. as for walmart expanding 500 stores, where did you hear or read that? would be nice to see a positive metric somewhere. although jones probably loses money on every walmart sale.
i think you are correct. i would suggest that 3.8 is possible. at some point sales have to stabilize just based on the fact that they have cratered so much. i believe distribution is still declining however, not expanding.
and the reality sets in as to how far in hole this company is, the stock price is coming under pressure. the question is whether they defend the $1 floor with buying or they let it fall. if they let it fall the stock is not going to be able to move to a different exchange. however, i would suggest that anything lambert says, should be considered to be fluff.
in other news the entire world is now authorized to purchase SDC. roll out is under way as we speak. btw i would expect the subway franchisee adoption rate to be poor. and the re-order rate to be similarly poor. i do not see any difference between home depot and subway.
why oh why would you expect demand for any jones product? seriously? it is entirely a me too as this point. there is no core product. craft products can grow in this environment. jones core brand ingredients read like a list of scary chemicals. and of course there is no profitable product line. i expect further yoy decreases with j clueless expressing confidence in the brand and the turnaround as losses slow. losses slow as you approach zero.
will it be? so to you, this quarter was a triumph? lower revenue in essentially all categories? and greater competition than they expected. but you believe the explanation that they were so overwhelmed with demand that they could not sell the same as a year ago?
"if it wasn't for her shelling out 500,000 and putting in jonesy bank account there would be no jones soda"
lordy, lordy. we almost went bankrupt and no one knew. we dodged a bullet! down to our last few dollars.
lol. glicky is not renegotiating a thing. he was in on the play. he authored the script. he will tell the new ceo to solve his problems with someone else. do you think bank robbers feel guilty after a robbery? no, he is quite happy sitting tight with his leases i am sure.
looks like poor planning and numbers down across all categories. 10 million in RA testing? they barely mention it.
seriously, it looks like meldrum is overwhelmed. and growth will everything going on and a shortage of testing capacity in the quarter leads to a flat year for 2015, although with some building sales. i think they are in a bit of crisis of confidence now. it is a buy at $35, but i think a sell at $39. and the shorts are loving when meldrum speaks.
not likely. possible but not likely. there are a lot of powerful money shorts that would like to exit is my thought. the market makers are obliging by dropping the price so they can cover a bit more. just manipulation and the company executives seem not to care about the large short position or share price. they have been selling. do not be surprised to see a further sell off regardless of earnings. $34 is certainly possible today and tomorrow. you would want to buy on any sell off like that. mygn management is not AAPL management. they are kind of clueless about marketing and enterprise value, but they are good scientists.
i am sorry. did i understand you to say that if she did not buy 500 grand of stock, the company would have gone under? if so, that might be the single dumbest comment i have ever read. the 15 million dollar company would have gone under but for the heroic ceo exercising her options? she didnt save a thing.
not enough volume to matter. mygn has been getting hammered on recent earnings announcements. i do not expect a different outcome this Q. i do not see a surprise of any significance when they just guided lower. still i think the lower channel support will hold as there will not be a big negative surprise either. so the tight range $35-$39 should remain in place most likely. the shorts here have had things well in control with no short squeeze at all. i expect none tomorrow.
i know. i was talking about the company. cue has accomplished nothing in my estimation. she shut down stuff losing money. but it was all losing money. still is. the goal of a public company ceo is to make money for yourself. when you get stock below market, you transfer money from the shareholders to yourself. so she has been successful. so was meissner. he made money too. all the execs made money.
i dont think it matters much about earnings. i think the ceo owns most of the stock at this point an seems to want to keep buying regardless. it took a ton of money to dry up the overhang under $13.30, so i dont think there are many shares for sale anymore regardless of earnings.
lol. that was funny.
store checks were limited. lol. really? as in they dont sell it much in stores anymore?
sales will be down, again, of course. there is no path to grow this brand. none. at. all. not with cue running the company. sorry. the level of innovation here is zero. zero. the entire market for growth is craft. cue is trying products that were big in 2003. like the energy drink they introduced, years after energy drinks were mature. now sparkling flavored water. wow. big demand for that in 2008.
they had a court decision undercut the validity of some patents last year. the effect on business has been minimal, but the shorts were betting that it would destroy their franchise for breast cancer gene testing. the shorts were a bit complacent and management has not aggressively responded, so the positions remained in place. guidance is suggesting that the revenues will continue to grow and the short argument is weaker today than 6 months ago. the company is capable of great things with aggressive leadership. and that also makes it a buy out target since the company has historically underperformed over the last decade. more aggressive leadership and financial guidance would allow it to grow much quicker than it is through acquisitions and international growth. management simply is not terribly aggressive, although the products are quite good.
another really odd trading pattern, but still withing the range, this morning. the stock was up 99 cents on 1200 shares, then stayed there all morning. there is no reason for a gap open on a day like this for mygn. and mygn is not trading with the market. a short squeeze has been a fantasy here for a long time. i think it will remain so. love to see it, but its not likely.
to be trading at $38. it is certainly baffling. the only explanation to me the stock repurchase is at bringing it up to $38 on weakness creating a strong bid or there is a fund buying up to $38. the short term chart indicates another pullback a couple dollars. still range bound and lacking immediate triggers to get much higher. the chart is setting up for break out of the range within a month or so.
maybe he will announce a new set of executives coming in who know how to grow a brand at national scale. imagine. x was formerly with x and grew sales from x to x in x years. as opposed to after 2 years in the kombucha market, we now control 1% of the kombucha market. and everyone is amazed at how awesome i am.
what else is there to say but to hope? i personally think the product line is horrible and sales prove that. they offer nothing for the 2015 market and the growth prospects are poor. i hope they sell some product and turn a profit after blowing tens of millions of dollars marketing and selling a generic product with chemical ingredients that people dont buy. i have not seen a shred of evidence that j. clueless is on the cutting edge of anything other than issuing herself below market stock. all in my butt. all in means you buy at market, not that you print yourself stock certificates that are instantly profitable. but hey, greater fools.... for those who bought low, they should be happy with performance so far as the stock came off the lows enough to make a profit. i expect this q to show signs of bottoming and another loss. i also expect lower yoy sales. if the company was private, it would have been bankrupt long ago.
evidence that they were acting like a start up and trying to blow the product up. honesty would be a nice change. absence of excuses. some shred of evidence that this product is being taken seriously after a decade of being a joke. some evidence that shareholders are not lambs for slaughter at a client's meat production facility. actions speak louder than words and so far i am not impressed. hey, if you bot this at 50 cents, you have to be happy. if you bought it at $1.50 you have to be pretty irritated with yourself for believing the hype. then they register 20 million shares and say, hey, get ready to bend over.
the opposite company has insiders buying, dont give away free shares to insiders, exceed expectations, etc. the opposite of pure. look at facebook and all the hate they put up with in the media on the ipo. up 300% now because they kept promises and overdelivered. whatever. maybe next year. maybe after the 20 million shares are sold. we will see how they do. i am just saying, if it is more bs, look out below.