lots of good banter there sport but the big picture miss is that they need e-commerce sales growth not the brick and mortar
stores and buying more than you sell from the public increases inventory and slows cash flow. They need to increase inventory turns not slow them down. How do you lower your buy prices from the public when they can price check product value on ebay? if you have not noticed Texas is in a recession due to oil taking a bath so maybe there is some pawn buying opportunity there. Conversely jewelry sales may suffer due to the above reason.
fools gold doesn't count. If you think you are so much smarter than the management team what would you have done differently . Let me guess keep running southern bullion who was bleeding cash so the losses would have been much greater. Any fool can criticize somebody knowing there is no direct consequence for their opinion. Since 65% of shares are owned by insiders they have skin in the game unlike you.
Well genius it is retail so the majority of their sales do occur in the 4th qtr and wow a 100 oz you are quite the whale and a slum lord at that. Why don't you sell your 100 shares and tell mom you can pay the rent this month.
Not quiet at all just got tired of you wimps whining about mngmt boo hoo. They are doing the right thing by downsizing just like when they fired you. BTW I did not predict big profits only stated that they had made a profit in the 2 previous qtrs (fact) in a soft gold market.
LMAO dolt I guess you define failure as making a profit in a weak gold market. You can't make this shet up. Your advice is that mgmt sucks. They have demonstrated they can execute a strategy by closing non profitable stores and focus on the core businesses. You are blinded by emotion and refuse to see the data no surprise there. I guess that is why you are a retired multi-millionaire LMAO.
Beg to differ I have seen a lot of fools that had no clue where the money was spent in their operations because they had poor data management skills. Given that their core market (gold/jewelry)) has been soft for 2 years they have still managed a profit is telling. I do not take advice from disgruntled ex employees who added little value and is probably why they are no longer employed. Time to move on and get a life.
Given that your scenario of Rats leaving the sinking ship defies logic because the so called Rats own 65% of the company stock. The more logical scenario is that they are shaking out the weak hands and load up before the run up. 2 consecutive qtrs of profit even after the closing of the bullion stores tells me this management team understands where the profit leaks were and addressed them accordingly.
The question is Who?
Given they have had positive results the last 2 qtrs they may be turning the corner. With the closing of the southern bullion stores and the cost associated with that they are focusing on core business of retail sales. Gold market is still weak and the SP is reflecting that currently.
They are both useless info. The cards have been played there is patent infringement and district court judges do NOT waste their time ruling for scam companies. If they are in negotiations (quiet period) you will hear nothing UNTIL an agreement has been made so quit the news pumping BS.
Let's see Mo, when you are talking M&A one of the biggest value propositions for an aquistition is what is the IP portfolio worth? The hardware and or sales may not even be a consideration as to what the acquiring company is looking for. I have seen companies acquire other companies just to leverage their channel of distribution for their products and services and shut down the acquired companies products.
Typical Safe Harbor statement. if the company is in negotiations there is a quiet period in which they can not make any statements per the SEC regulations to prevent gun jumping
Damn your a thick imbecile and that is a compliment
First things first: Donald Trump has filed for corporate bankruptcy four times, in 1991, 1992, 2004 and 2009. All of these bankruptcies were connected to over-leveraged casino and hotel properties in Atlantic City, all of which are now operated under the banner of Trump Entertainment Resorts.
wrong again Supreme court has ruled that corporations are people so yes in fact HE has declared bankruptcy for the corporations HE controls
Has nothing to do with the amount of shares traded ( BTW OTIV averages over (400,000 ) per day. It is about minimizing the damages that Tmobile will pay for infringement of NFC IP patent which may exceed 100 Million based on the number of phones sold.
Given the recent OTIV patent infringement lawsuit judgement Tmobile lost for NFC violations they may want to purchase OTIV. Owning the patents would allow Tmobile to sue the rest of the companies that have violated the patent.
Donald Trump's Companies Filed for Bankruptcy 4 Times
April 21, 2011 ABC NEWS . Get your facts straight Trump has been fleecing the american tax payer per bankruptcy on multiple occasions. The rich fleece the government like it is their personal ATM.