They put out 5 articles this afternoon. They put something out on Tesla almost everyday. I've never seen anything like it.
It looks like the institutional investors are moving out. Psychology has changed.
I now see why Motley fool posts almost daily recommendations about Tesla. I see this disclaimer at the bottom of today's article:
Leah Niu owns shares of Tesla Motors. The Motley Fool recommends Tesla Motors. The Motley Fool owns shares of Tesla Motors. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Not a lot of conviction behind the rally.
I just barely made it when I said purpl would break below 50 cents by the end of the month.
Any guesses on when it breaks 25 cents?
"When will purpl break below 50 cents. 13-Aug-08 07:38 pm
Any guesses on when the stock goes below 50 cents? I'd guess by the end of the month. At the rate they've been burning cash, they should be out of money by then."
"Purple" is actually a combination of a variety of juices, including acai, pomegranate, black cherry, cranberry, black currant, blueberry, apple, and purple plum. The result is a 10 fl oz bottle that packs a potent dose of tart and sweet flavors. Purple does deliver complex notes of discernible fruit flavor, which gives the drink an enjoyable -- albeit heavy -- flavor. Still, we're not convinced that this brand, especially in its single SKU form, has enough to keep the consumer coming back. Plus, we're not really sure what Purple offers that similar established brands, such as Frutzzo and POM Wonderful, don't already offer. Unfortunately, it's packaging doesn't help the cause, again failing to offer anything that stands out among the competition. Packaging -- both in terms of design and size -- needs to be rethought if this drink is going to have a chance. Overall, it's getting better, but Purple still needs some work.
Yep, about 10 cents a share is all this company is worth, in a buyout. Even that's generous. What would they be getting? It's easier and cheaper for another company to just knock off the product.
product they ship.
"The cost of sales as a percentage of net sales was approximately 97% and 98% for the three and nine months ended June 30, 2008"
There's no profit's being made. Once they run out of cash, receivables will be used to pay expenses, like salaries. If their vendors cut them off, it's game over.
It looks to me like their in a downward spiral,financially.
Any guesses on when the stock goes below 50 cents? I'd guess by the end of the month. At the rate they've been burning cash, they should be out of money by then.
Just my opinion.
If original investors are selling, you gotta wonder why their dumping the stock. They probably have the best incite on what's going on.
This kind of selling on no news, usually proceeds something really ugly.
Look at the disclaimer on the back of the Fagen report. Purple is actually paying this B.S. newsletter to promote the stock. Their more interested in selling stock than the drink.
At March 31, 2008, we had cash on hand of $1,414,541. However, as of July 15, 2008, we had cash on hand of approximately $13,611."
Are these guys going to be able to make payroll, much longer? They're going to have to take money from incoming receivables to make payroll, leaving them without cash to replenish inventory.
Cost of Sales. The cost of sales during the three and six months ended March 31, 2008 amounted to $202,671 and 457,164, respectively. Our cost of sales includes the manufacturing costs of our proprietary brand and warehouse and distribution costs. The cost of sales as a percentage of sales was approximately 94% and 96% for the three and six months ended March 31, 2008, respectively. We anticipate that our cost of sales will decrease and related gross profit margins will increase for the remainder of our current fiscal year due to the refinement of our production process in strategically located production facilities and from expected economies of scale in the purchasing of raw materials.
During the preceding two years, for two of our ingredients the average price decreased by approximately 16%; for three of our ingredients the average price increased by 78%, 100%, and 160%, respectively; for two of our ingredients the average price increased materially in the first year and then decreased marginally in the second year for overall increases of 33% and 63%, respectively; and for one of our ingredients the average price remained relatively constant."
They make almost no profit on every bottle. And their raw materials costs have gone through the roof. I don't see how they can make it through this qtr without running out of money. They only had $475,000 at the beginning of June.