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Oshkosh Corporation Message Board

shortzonsportz 11 posts  |  Last Activity: Mar 23, 2016 3:59 PM Member since: Sep 25, 2007
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  • Reply to

    How much $$$ has Bennett cost Berman?

    by aeishh Mar 23, 2016 2:57 PM
    shortzonsportz shortzonsportz Mar 23, 2016 3:59 PM Flag

    As I just posted, they bought 20% of a thinly traded company and the stock went down. Huh? How is that even possible. It means everyone knows these guys are either in it solely for themselves or utter boobs.

  • shortzonsportz by shortzonsportz Mar 23, 2016 3:52 PM Flag

    The stock is now down 20% since they announced and executed a $30m buyback - that's 20% of the company they just bought. In addition, an activist shareholder has come on board. And they raised 2016 guidance above EPS estimates. Oh and the multiple is in the 3's.

    That's really really really hard to do. This type of incompetence has to be looked at and simply congratulated. It is not easy to do this type of thing. It is really really hard to be this bad.

  • shortzonsportz by shortzonsportz Mar 23, 2016 10:39 AM Flag

    See what Activist Investors wrote to UAL this week - keep in mind their stock us up 200%+ plus since 2010 while JAKK is now down 60%. They don't care they still want better results. Why cant Oasis act similarly? People want change and will support you. Go for it!!!!!

    Paul Reeder, Founder and CEO of PAR Capital, said, "We understand that the Board is uncomfortable being in the spotlight, but, after five long years in which the Company has underperformed, we believe it is time for meaningful change. We call on the incumbent Board to respond to the actual substantive issues and to avoid false narratives that have the effect of deceiving stockholders, employees, and the media."

    "After years of watching the incumbent Board supervise United's chronic underperformance, we have stepped forward to nominate six outstanding professionals with deep expertise in airline operations, marketing, technology, revenue management, and major turn-around situations. We believe that replacing six incumbent directors, who have served on United's Board over the Company's sustained period of underperformance, with our six highly-qualified nominees will add meaningful long-term value to the Company. We want to see United return to greatness and perform at the top of the industry over the coming years."

  • shortzonsportz by shortzonsportz Mar 15, 2016 5:06 PM Flag

    At what point do we get a new CFO? How bad does it have to get?

    Wouldn't you think this Berman character would want to set an example for the rest of his organization regarding accountability? I mean if you are a rank and file employee and you know the CFO has literally destroyed more value than could ever hope to create and yet he remains on-board year after year - how do you get motivated to excel? Don't you need to set examples occasionally.

    I guess nothing should amaze me anymore at JAKK. But how can you not as the CEO - set clear objectives and metrics for your direct reports and when those are not reached - hold people accountable.

    Isnt it fair for Berman to have expectations? The CFO has to be responsible for getting our multiple up to at least an Average level. A 3.5x EBITDA multiple is not only unacceptable it is an indicator of a lack of confidence. The CFO has to change this at some point over 10 years.

    Mr. Berman needs to start setting lofty expectations and holding peoples feet to the fire.

  • shortzonsportz by shortzonsportz Feb 29, 2016 10:22 AM Flag

    An Insider Buy. Of course its not our CEO or CFO.

    Never thought I would see the day.

  • shortzonsportz by shortzonsportz Feb 23, 2016 4:07 PM Flag

    So I just filled out the form on Robbins Arroyo's website. Ill keep you posted.

    My main point is at some point, the BOD has to hold mgmt. accountable. You cant continue to employ people who have created no shareholder value and pay them lavishly. It is simply unethical, immoral, and I hope illegal.

    Ill keep you posted on what I hear back.

    Does anyone know what JAKK did get in return for the options they gave Dr. Pat? I truly cant find anything of value.

  • shortzonsportz by shortzonsportz Feb 23, 2016 8:38 AM Flag

    You are our only hope. This type of amateurism has to stop. You nail sales but miss EPS by nearly 50%. That's on the CFO for poor guidance.

    Something has to give here. At some point, accountability has to occur.

    Crony capitalism is on full display and its up to Oasis to rectify this situation. This team has to go. Two consecutive years of $50m of EBITDA and the stock hasn't gone anywhere. Really?

    You have to admit any CFO could do a better job than this guy. Its embarrassing.

    And JAKK employees - speak up! You guys could be sitting on a gold mine but instead you let these two buffoons continue their incompetence. Change has to be mandated.

  • Reply to

    Only salvation a buyout

    by miguel_abiti Feb 8, 2016 12:14 PM
    shortzonsportz shortzonsportz Feb 8, 2016 2:37 PM Flag

    1) They had $200m of working cap in Q3. This will then turn to cash in Q4. Same cycle has occurred for 15+ years. Its a seasonal business Einsteain

    2) Toys R Us owes us next to nothing as of Q1 - so what?

    3) Its converbile debt. And their net debt as of Q4 will be about $50-60m. They have $50-60m of EBITDA - that is extremely low leverage by anyones definition.

    4) What about Frozen II, Star Wars Episode VIII, Star Darlings etc. etc

    5-7) Make no sense; Wake Up

  • shortzonsportz shortzonsportz Feb 8, 2016 2:17 PM Flag

    Actually, we do have proof. If you go back and look at when the short positions were created, they coincide exactly with the convertible offerings.

    If you don't believe this fact, then you are simply ignorant.

  • shortzonsportz by shortzonsportz Feb 5, 2016 12:59 PM Flag

    Net Tangible Assets are about $85m now. Equity value is $125m.

    Could we sell all of the licenses and products we currently have for $50m? Seeing the EBITDA is more than that. I would sincerely hope so.

    At this point, and with no history to demonstrate anything to the contrary - liquidate this thing. This company has to cease to exist. It literally is creating negative value. Put these assets under a different umbrella and watch it grow and see shareholders rewarded.

    This is absurd.

  • shortzonsportz by shortzonsportz Feb 4, 2016 12:33 PM Flag

    Am I the only one who wakes up every day thinking these guys do something "strategic" or add value in some manner? I am starting to really feel like a fool.

    Its just absolutely shocking to me that our fiduciaries on the Board let this occur.

    How can any BOD member not think we are in crisis mode and demand action? I know if I was the CEO/CFO I would have daily activities around resurrecting this share price.

    But to do nothing and let the Shorts just play us is silly. Give the longs some reason to be here Board. Some small small reason.

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