has there been even one restaurant using reeds fountain? a local pizza place? no. so it is hard to take seriously when they cannot seem to execute anything non-fubar. i know that a major chain cannot just switch to a fountain supplier like reeds easily. this is a big deal and a ton of work and money. i believe that coke and pepsi will own the fountains and maintain them, so reed will have to work out that small detail. i am sure there are ways to do it. however, it might be that it is a three year process. i would feel better if there were small chains successfully on a program already. however, chris has to re-invent every wheel.
and no squeeze in sight. a very well managed short position. they have neither the news nor the wall street partner to trigger a squeeze. quite remarkable.
oh and another thing. if the fda was so so concerned irl about food safety, they could have cut short the 90 days period and allowed it market. so concerned were they that they delayed it a year due to concerns over silver exposure. and if the product was revolutionary why, oh why, would it take 5 years to gain a measly 10% of the market? is that impressive hank?
lol. yes, bad phone lines. that is it. THAT ISNT IT. for the past number of years, including this awful quarter, we have head how amazing the product was. no one is buying the product. 180k in sales? 2 grand a day? like a #$%$ pizza place. or a decent plumber. subway doesnt even want to use the product!!!! so really, how do you get excited by an exec telling you the business plan is 10% of the market after 5 years. but leaving out margins, cost of the product, and every other aspect that a serious company would provide. they are so far selling vapor. they have done an awful job of gaining credibility.
hank: hey chipotle you should use this.
Chip: ok, does subway use it, i see they invested in it.
hank: um, not really. they dont want to spend the money or something.
Chip: wow, what does it cost?
hank: like a dollar a day.
chip: great, we have your card. thanks so much, take care.
tell you one GIANT problem they have. NO CLIENT WILL WANT to announce they are using the product. just like now. everything is a secret. so when no client wants it known they are using the product to wash off the noroviruses from their fruit, it is going to be really really hard to attract much attention. just. like. now.
questions? um, no, no questions.
above 15 cents. it just makes no sense to value this company at 48 million dollars. baffling. i get 10 million as a speculative overvaluation. ok. and even that is crazy high. but 48 million? no private buyer is paying 48 million for this. it is going to have trade at a fair value at some point. right now, that is about 15 cents.
seems to have the retail shelf signage experience of narwhal. lovely. at least this guy will make himself available for a teleconference a few times a year to rubber stamp votes. free money. he will be on the back nine if you need him. he can put his cat in charge of new initiatives at insignia. cuz so far they are at, um, none.
i dont think they are that smart. i think they have been in over their heads with little idea what to do next. that is why after so many consolidations, they are left out as a partner. they are still operating on the 1999 notion of an email is worth a lot of money. it isnt. sales are worth money as are earnings. they thought a newsletter mailing list was valuable. oops. i have not seen a sign that they are fixing this. hence the price. they forgot to innovate. hopefully the new ceo will think of something.
the action today was certainly different than past patterns. good buying strength and volume met with selling at the end of the day, but the selling was all absorbed. if cue was more capable we would have been past these issues a year ago or more, but she is what she is. there is certainly anticipation built into the action now of the 7/11 deal. i wish she had taken the time to fix the product and the marketing. it limits what can be done with the inherently flawed and dated brand, but as a commodity beverage it can sell much more. this q will be a loss, but always it is about guidance. fountain will be a joke without establishing a brand again and some measure of quality.
as an aside, it is funny to see the fragility of the markets in light of a 1/4 point interest rate hike. worlds collapsing. people jumping off buildings.
i think you are safe in selling and re-buying in 30 days. i think it has become clear that sege does not understand how to run the company. that there are no catalysts to move the stock. that they will have another losing quarter as per guidance. merely appointing someone who had a clue how to lead the company as ceo would double the stock. as it sits, the company is a non-factor in the LED lighting market and will probably be eclipsed by other players. much like NEST executives made elon executives look like buffoons in a matter of a couple years. google was like wow a control system for a house? we will pay a billion for that. elon was like, but um sir we um, nevermind.
i thought of this as a potential massive application. if there were delterious effects, but methane production in livestock was lessened by an adjustment to the bioflora, then beijing could pollute more. and it would all be ok.
oh come on. these guys know enough not to invest their own money in this non-selling product. if the product takes off i am certain they plan to issue themselves a bunch of shares. they want to do it on investors' dimes. the rocket scientists at subway cannot even figure out how to use the product in their own restaurants. i mean wow. you would think the company would have hired a pr company. they forgot.
and the gang at walker innovation . one of the worst performing investments in the world. and next year i think they will close the doors, take the little remaining money and drink some champagne as they laugh at how they played the game of opm for millions of dollars. so that is how you get to be a billionaire. you play people
fairway market as a brand is much diminished. it is not fun or unique anymore. it is a supermarket. no one knows what they are selling except in a few cases. the cheese counters are a shadow. the bakery products suck. like a fancier A&P bakery. the baguette? garbage. the deli? junk selections of meats you can find anywhere. citterio? ugh, nasty. sampling? none. i ate at the hot food bar, i was repulsed. oily cafeteria #$%$. i used to adore fairway. i have not been to the store in months.
yep, looks like they dont have any business left. all a mirage. vapor. all those sales - vanished into thin air. scary class action suit filed by lawyers looking for a quick settlement and some juicy fees.
could you imagine a more high profile e-coli issue? and the street and the industry could not be bothered to pick up a share of stock. but rather see brisk selling. wow. an absolute PR coup, wasted. apparently. i donot have a ton of confiidence that they are taking advantage of this behind the scenes.
it was a reiteration of the sell call. they have been embarrassingly wrong, so they had to figure a way to cover their analysts' butts. i would imagine that if it went to $50 now, they would reiterate the sell based on valuation. clowns.
one small bump? really? fortunately, they have been executing flawlessly. let us all pray it continues.