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They all usually bounce at some point,Best of luck Screamer
I'm going to hang, and possibly accumulate if it goes a little lower. Still great upside (I think).
Hi Vista,too much to ponder for me.There are too many ??? here and I wouldn't feel comfortable in buying a stock,especially a penny that I have so many doubts about.
Wallstreetman, The toxic financing MAY be a problem depending on whether they draw on it or not.
It could be just a kind of "insurance policy" against a general downturn. It takes months to build one of these go-fast boats and once started they MUST push forward regardless of the financial situation. Otherwise their shop gets filled up with uncompleted projects and they are dead in the water.
I thought they were going to be ramping up sales rapidly over the summer and generate some good operating cash flow. That was the carefully crafted impression that they were pushing by releasing all of the forward guidance about the various boat shows and independant reviews of the bigger boats, etc. Lately, they signed 7 new dealers and reported 110% increase in sales. But what about revenue? Their previous "show stopper" problem was being unable to actually close the sale and collect the money.
So the question is: Why the recent PPS weakness? Is it shareholder doubt? Or CD conversion? No way to tell for sure.
Back to the issue of the CD... I noticed that the company acts as its own Transfer Agent. That is a little unusual and I would much perfer to have that function in the hands of an unafiliated 3rd party. So if the CD kicks in we might not get accurate share count until its too late.
Lots to ponder about this one...
VV
WSMan, thanks for the PM. Interesting. I'll definitely follow this.
I've had pretty good luck with responses, but this is quite a bit more critical, and I want answers on this one IMMEDIATELY. I'm hoping the numbers are down due to the seasonality of sales, but who knows...
When I started the board I sent many e-mails to her,explaining about the board and the investor group and wanted to speak with her.She never answered one e-mail or took one phone call,RED FLAGS WERE POPPING UP all over the place for me.
Good point about toxic financing, but my real comcern is where exactly are the IMAR sales for Q1. I thought they did 12M last year. It certainly didn't reflect it in the last PR.
E-mails to corporate have gone unanswered.
This stock has toxic financing.How much was borrowed and how much is still owed,I do not know,but as soon as I saw it I left.I have learned from past experience to just leave,because mentioning it only gets you branded as a basher.
Since there is only 3 of you posting on the board,and one of you isn't in the stock anyway,I shouldn't have to take to much heat.
WSM
I was thinking the same thing.
I agree.
Be ready to buy at the bottom (wherever that may be).
This is NOT a pretty picture unfolding.
This stock seems to have lost its support.
The PPS is now down 58% from where I sold it a while back. It is almost back to where I originally accumulated my position. Perfect Trend Trading vehicle? Could be! Just a little more and I'm back in again.
Good Luck!
VV
Challenger Posts Record 1st Quarter Revenue; Sales Surge 110%
WASHINGTON, Mo
May 22 /PRNewswire-FirstCall/ -- Challenger Powerboats, Inc. (OTC Bulletin Board: CPWB) today announced its financial results for the first quarter of 2007. Revenue for the quarter ended March 31, 2007 was $1,598,546 vs. $758,590 the quarter ended March 31, 2006, a 110% increase. Net loss per share for the quarter ended March 31, 2007 was ($.04) vs. ($.068) for the quarter ended March 31, 2006. The Company's acquisition of IMAR Group on January 31, 2007 was consolidated in its first quarter results. Complete financial results can be viewed on its Form 10-QSB filing for the period ending March 31, 2007 at www.sec.gov.
Challenger CEO Laurie Phillips stated, 'While we are encouraged by our solid revenue growth in the first quarter, we are continuing with a keen focus on improving our efficiencies as we progress towards profitability. In just the past several months alone our gross margins have improved dramatically due to the implementation of strict 'Lean Manufacturing' principles and processes. We've also identified other areas of organizational inefficiencies which we have begun to address with long-term solution solutions.'
She added, 'As I have recently stated, while 2006 was a year of major transition for Challenger due to our organizational restructuring and management changes, 2007 will be the year in which our shareholders can expect to see a marked improvement in our performance. From analysis of our sector, demographics and our current product positioning, we have the ability to grow very rapidly and achieve our near-term goal of becoming a major niche player in the recreational boat market. I believe our results in the upcoming quarters will begin to bear that out.'
I'm with you VV. What a bore.
This stock is so exciting I'm about to fall asleep.
This is what happens when you release all good news before the fact. Everything is priced in already. Check back next fall.
VV
Challenger Signs 7 New Dealers for Its High Performance Series
WASHINGTON, Mo., May 1 /PRNewswire-FirstCall/ -- Challenger Powerboats, Inc. (OTC Bulletin Board: CPWB - News) today announced that it has signed seven new dealers to carry its "Challenger High Performance Series" models. The new dealers are located in the Western, Midwest, Southeastern, Mid-Atlantic and, Northeastern U.S. The "Challenger High Performance Series" includes both the DDC offshore racing "go fast" line as well as the FPS family cruiser line.
Challenger CEO Laurie Phillips stated, "We continue to see solid demand for our 'Challenger High Performance Series' from dealers throughout the U.S. As we emerged from our restructuring just six short months ago, we had virtually no distribution for these models. Today, we currently have thirteen dealers carrying these lines. I believe this growth is a direct result of the aggressive sales and marketing strategy we implemented in the fall of 2006 and based on our ongoing discussions with dealers nationwide, we can expect our distribution channels for the 'Challenger High Performance Series' to continue to expand rapidly."
CCRI Financial is having a Confernce Call on CWPB on Tuesday May 1.
http://www.ccrifinancial.com/
CPWB - (PRE 14C) up to 1:20 R/S and shares increase, Dutchess stock 4/23/07
The purpose of this letter is to inform you that we intend to amend our Amended Articles of Incorporation, as amended, by written consent of our stockholders to increase the authorized shares of our common stock from 100,000,000 shares to 500,000,000 shares and to effectuate a reverse split of our issued an outstanding shares of common stock in the ratio of up to 1:20, as determined in the sold discretion of our Board of Directors.
April 19, 2007 9:25 AM ETChallenger Announces 2006 Financial Resultsadvertisement
Related information E-mail this article Print-friendly version Discuss this articleStocks mentioned in this articleCHALLENGER POWERBOATS INC (CPWB) Stock Quote, Chart, News
All PR Newswire NewsWASHINGTON, Mo., April 19 /PRNewswire-FirstCall/ -- Challenger Powerboats, Inc. (OTC Bulletin Board: CPWB) today announced its financial results for fiscal year 2006. Revenue for the three and twelve month periods ending December 31, 2006 was $280,957 and $238,171 vs. $828,655 and $1,783,626 for the three and twelve month periods ending December 31, 2005. Net loss per share for the three and twelve month periods ending December 31, 2006 was $0.04 and $0.16 vs. $0.02 and $0.14 for the three and twelve month periods ending December 31, 2005. The Company's complete financial results can be viewed on its Form 10-KSB filing for the period ending www.sec.gov.
Challenger CEO Laurie Phillips, "2006 was a year in which Challenger underwent significant changes which included the installation of a completely new management team as well a major restructuring of the entire organization and its operations. As a result of the changes we implemented, in late fall 2006 we began to experience an increase in new orders and revenue which have continued to accelerate ever since." She added, "Our 2006 fiscal year results do not reflect our acquisition of IMAR Group which closed in February 2007 and which will be consolidated with our most recent first quarter results expected to be reported within the next four weeks. We believe that 2007 will prove to be most rewarding for Challenger in many respects and look forward to continuing to build upon the considerable progress we've made over the past year."
$450,000 in orders is NOT revenue.
This company continues to pre-announce everything; every penny on the table that is up for grabs. This is exactly what got the previous management team in big trouble. The big orders were eventually canceled and caused them to have to dump an entire boat division just to stay "afloat".
These pattern PRs are really looking more and more like a contrived attempt to pump the PPS. Now why would they want to do that?
LOL
VV
http://www.smallcapnetwork.com/scb/?p=893
Challenger/Sugar Sands Extends Its Reach
Filed under: General CPWB— SmallCapNetwork Editor @ 6:11 am
The march continues for the recently-revamped Challenger Powerboats (OTCBB: CPWB). In the fall of least year we learned the old Xtreme Companies would be re-named ‘Challenger Powerboats’, reflecting the decision to focus exclusively on the performance boat line using the same moniker. And early this year, the acquisition of IMAR added the Sugar Sands and Gekko lines to the company’s mix.
Since then, we’ve seen tremendous success from the new Challenger, with more evidence coming today.
We don’t have Q4’s results yet - you might recall they announced a delay a few weeks ago. However, we’re ball-parking about a million or so in revenue for the last three months of last year. We also saw a lot of new sales come through in Q1 of this year. In fact, here’s our tally…….
2/22 - $330,000 in Challenger orders
3/1 - $120,000 in Gekko orders
3/6 - $725,000 in Sugar Sands orders
4/10 (today) - $450,000 in Sugar Sands orders
That’s at least $1.1 million in Q1 sales on top of our Q4 estimate of $1 million. Today’s order will go into Q2’s revenue total. And, we have a feeling we’re only hearing about the big orders….there may be smaller ones received every day. The point is, however, that we’re seeing some life here. Had it not been for Q4 of last year, Challenger’s net sales would have been basically nil (IMAR did about $12 million in sales last year). So far we’re seeing good results stem from the combined companies, and it’s not even the busy boat season yet.
On top of that, four more Sugar Sands dealers were added recently, further widening the Challenger net. All in all, we still see a company making good progress post-paradigm shift.
In our view, despite getting sold off in a big way yesterday, the stock has a huge amount of upside potential. We feel our edge is knowing and understanding the story behind the story, which the rest of the market may not yet. But once they do, don’t be surprised to see CPWB run.
Challenger Announces $450,000 In New Sugar Sand Boat Orders; Signs 4 New Dealers
Apr 10, 2007 7:24:00 AM
WASHINGTON, Mo., April 10 /PRNewswire-FirstCall/ -- Challenger Powerboats, Inc. (OTC Bulletin Board: CPWB) today announced the receipt of orders for 19 new Sugar Sand jet boats valued in excess of $450,000. The Company also announced that it has signed four new dealers to carry its Sugar Sand models. The dealers are located in the Mid-West, Mid-Atlantic and Southeastern regions of the U.S.
Challenger CEO Laurie Phillips stated, "We continue to see good order flow for our Sugar Sand jet boats and more dealers continue to sign on to carry this line. As we have previously stated, the jet boat market represents one of the fastest growing segments of the overall recreational boating market, and feel we are well positioned to benefit from these positive dynamics."
About Challenger Powerboats, Inc.
Challenger Powerboats, Inc. designs and manufactures high performance 'go fast' offshore racing boats, family sport cruisers, jet boats and water ski tow boats under the brands 'Challenger Powerboats,' 'Sugar Sand' and 'Gekko,' which target the recreational boating market. Proven world-class technology is incorporated into the manufacturing of our award winning boats at the Company's 65,000 sq. ft. facility located on our 12 acre complex in Washington, Missouri and 80,000 sq. ft facility in Fargo, North Dakota. The Company's boats are sold through our dealer network in the United States, Canada, Mexico, Europe, Australia, the Middle East and Japan. In 2006, Gekko was selected as an official tow boat for the World Barefooting Championships, and the European Barefooting Championships in 2005.
To find out more about Challenger Powerboats, Inc. (OTC Bulletin Board: CPWB) please visit http://www.challengerpowerboats.com, http://www.sugarsand.com, http://www.gekkosports.com or http://www.sec.gov to view the Company's public financial information and filings.
Forward - Looking Statements
This release contains forward-looking statements, including, without limitation, statements concerning our business and possible or assumed future results of operations. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons including: our ability to continue as a going concern, adverse economic changes affecting markets we serve; competition in our markets and industry segments; our timing and the profitability of entering new markets; greater than expected costs, customer acceptance of our products or difficulties related to our integration of the businesses we may acquire; and other risks and uncertainties as may be detailed from time to time in our public announcements and SEC filings. Although we believe the expectations reflected in the forward-looking statements are reasonable, they relate only to events as of the date on which the statements are made, and our future results, levels of activity, performance or achievements may not meet these expectations. We do not intend to update any of the forward-looking statements after the date of this document to conform these statements to actual results or to changes in our expectations, except as required by law.
Contact: Michael Novielli Malcolm McGuire
Chairman, Challenger Powerboats, Inc. CCRI Financial Group
Ph (845) 575-6770 x202 Ph (800) 828-0406
SOURCE Challenger Powerboats, Inc.
----------------------------------------------
Michael Novielli
Chairman of Challenger Powerboats
Inc.
+1-845-575-6770 x202; or Malcolm McGuire of CCRI Financial Group
+1-800-828-0406
either way, I just picked up another 30K. What the hell.
Not sure. I was thinking maybe some restricted stock became available.
i wonder if some hidden financials are surfacing that we weren't aware of.
Not sure. Maybe it is because we have not had any news lately.
Anybody know what's up?
http://www.smallcapnetwork.com/scb/?p=850
Challenger Getting Real Serious About Its Stock
With the exception of the folks at the helm of Challenger Powerboats (OTCBB: CPWB), there’s probably nobody more enthused about today’s news than us. The company has hired an investor relations firm. Not that they weren’t serious about keeping their stock’s valuation intact, but this is a very progressive step in getting the story told more thoroughly, as well as more frequently.
No, you won’t find this news on the front page of any newspaper, or on a magazine cover. You probably won’t even find it wedged between two tiny box ads on the back page of the ‘Local News’ section. By most measures, this announcement is likely to be ’skipped’ by most of the investment community, but trust us - this is a big deal. (Sometimes we find the most important stuff in what seems trivial at the time.)
Why? Obviously the nature of our role puts us in contact with a fair amount of investor relations outfits. Though not true in all cases, more often than not, a stock with an IR team supporting it is more likely to perform.
In other words, we see this as very good news for current and future shareholders.
We doubt the news will incite an immediate rally - though it could. We do expect good things to come of it sooner or later…..and probably closer to sooner.
Challenger Powerboats Retains CCRI Financial For Investor Relations
WASHINGTON, Mo., March 22 /PRNewswire-FirstCall/ -- Challenger Powerboats, Inc. (OTC Bulletin Board: CPWB) announced today that it has retained CCRI Financial Group to assist with its investor relations strategy.
Challenger CEO Laurie Phillips stated, 'CCRI is a twenty-year old financial and investor relations organization with a proven history of success with emerging micro-cap growth companies. Now that we have emerged from our recent organizational restructuring with a major acquisition and accelerating momentum, we believe the time is right to begin communicating our story to the investment community.'
Malcolm McGuire, President of CCRI stated, 'We consider this a rare opportunity to represent a company such as Challenger in which a dynamic and seasoned management team has shepherded a major turnaround with tremendous growth in such a relatively short time period. We look forward to representing Challenger at such an exciting time.'
Challenger's Sugar Sand Exhibited at Stockholm International Boat Showadvertisement
Related information E-mail this article Print-friendly version Discuss this articleStocks mentioned in this articleCHALLENGER POWERBOATS INC (CPWB) Stock Quote, Chart, News
All PRNewswire NewsWASHINGTON, Mo., March 19 /PRNewswire-FirstCall/ -- Challenger Powerboats, Inc. (OTC Bulletin Board: CPWB) today announced that its international distributor 'Nautique International' in conjunction with KBI Marine / IDG, exhibited the Company's Sugar Sand jet boats at the Stockholm International Boat Show. The Stockholm Show is the largest boat show in the Nordic countries with over 1,000 boats on display.
Challenger CEO Laurie Phillips stated, "We are firmly committed to expanding the Challenger brand outside of our borders and believe the key to success is with a continued aggressive marketing approach. We expect to see solid growth in our international sales this year."
I anticipate a spike when financials are reported in April, then I see the sideways trend until Q1 is reported.
This is no longer a speculative stock. Financials will be driving this as we go forward.
Screamer, Well, Since you asked...
I think this will mostly trend sideways thru the summer. Then pickup in the fall. There may be some dips along the way; opportunities to accumulate cheap shares.
I trippled my investment on the last big spike. Sold most but kept a token position. I am just waiting for the PPS to unwind a little ways, and then I'll jump back in. And I want to read the financials before I do anything.
Good Luck.
VV
VV, your a long-timer here. Do you think this is really going to spiral down? I still see tremendous upside.
Yeah VV. Guess that's why I have already more than doubled my money on this stock already. Plus I was smart enough to take half of that. So it all free trade now.
MM
I think we'll be stagnant until Q4 and FY numbers are reported.
chart still looks bullish as we consolidate around here...need a good volume day though to break through IMO.....GLTA
twin_gem29, Sorry, your Wishful Thinking will NOT make this stock go up.
It is going to take real news, and that's it. The fundamentals that have been published so far have not been OK but they're not that great. Right now, it's all "forward guidance" as released in the past PRs. And we know there is a CD in there somewhere.
And I do happen to know quite a bit about charts. After 40 years of reading them something is bound to stick in the noggin. But I would never claim to be an "expert" like you.
The neat thing about this is that we each get to decide for ourselves. Note that I didn't give you any buy/sell advise, and I don't need any from you. Thanks anyway.
VV
It's obvious you have little or no knowlegde of the Technical side of stocks and how to read charts. But who knows, you may be a wiz at fundamentals. But that's not the whole picture with stocks. If you think so little of this stock's chances of an improved pps, I would sell and not waste time or money on it. Guess I just happen to be a positive person and the glass seems half full to me. Good luck to you.
MM
twin_gem29, "...going sideways, it's much more likely to have an upward movement..."
You've got to be kidding. Right?
Look, I'm not saying the stock is going down. I was just commenting on the prior comment about it "exploding". In the world that I live in an explosion is a highly destructive process. Get it?
But this stock does look like it MAYBE fully priced at this current level. IMO it will take some really good unanticipated news to push this higher. The PPS is at a nexus point; it could go higher BUT it could go lower, too. It is not inclined either way.
Everything is "priced in" at this point. They have already pre-announced earnings. And exhibiting at the various shows was pre-planned. They got some sales, which were anticipated. Great! So what else is new? We need to see the next SEC Filings.
Just my opinion...
VV
Im would be willing to bet that all the shares traded in the last 2 days were shares bought, not sold. May not have been many. But still a good sign.
Not going down. When a good stock is going sideways, it's much more likely to have an upward movement at the slightest bit of good news. Which is comming soon.
The Mike Man
twin_gem29, "Explosion comming soon."
When something explodes it comes apart. Right?
So how far down do you think this will go?
VV
Explosion comming soon. Be ready for it. BB bands are tight. Indicators pointing to an upward move. Anytime now.
SCN Blog:
The march continues. This morning, Challenger Powerboats (OTCBB: CPWB) announced they’ve added six more dealers to their Sugar Sands and Gekko distribution network. Already 100+ strong, this latest batch of additions will put the two boat lines in front of new customers from coast to coast.
As a quick reminder, the Sugar Sands and Gekko franchise was good for about $12 million in sales last year with roughly 100 dealers. Having added six new ones in just the first couple of months after Challenger acquired the company, we have to think this is the shape of things to come. If they can add six new dealers every two months, that’s 36 new dealers per year…..about a 30% increase. Maybe that’s low, or maybe that’s high. But, we don’t think it’s unrealistic.
And let’s not forget that Challenger - as it stands right now - only has two dealers (though more are in the works). Previously, the company sold boats directly to consumers….a tough way to go. So, for these higher-end Challenger boats, the sky really is the limit in terms of getting more people to push them.
The company (Challenger) did about $1.7 million in sales in 2005, and we’re guessing about $1.0 million in 2006…..with no dealers. With a built-in 100+ dealer pool to market themselves to, we feel the Challenger footprint could grow at an even stronger pace than the Sugar Sands/Gekko network could.
Challenger Signs 6 New Dealers for Sugar Sand & Gekko Models
WASHINGTON, Mo., March 13 /PRNewswire-FirstCall/ -- Challenger Powerboats, Inc. (OTC Bulletin Board: CPWB) today announced that it has signed six new dealers which will carry its Sugar Sand jet boats and Gekko tow boats. The dealers are located in the Northwest, Midwest, Southeast, Mid-Atlantic, New England and Great Lakes regions of the U.S.
Challenger CEO Laurie Phillips stated, 'Despite the fact that we currently maintain over 100 dealers within our network for Sugar Sand and Gekko boats, our goal is to continue to increase our footprint in previously unrepresented territories as well as strengthen our current distribution channels. We believe that we are making significant progress in these areas with our marketing and sales initiatives and these new relationships are a direct result of those efforts.'
About Challenger Powerboats, Inc.
Come on baby...don't loose lower support now....jmho and glta
FYI
I inquired about the release of 4Q numbers. Response below:
The 10-K for year-end is due later than the Q’s (mid-April). We anticipate filing the report the 2nd week of April.
Regards,
Laurie A. Phillips
Challenger Powerboats, Inc. Profiled in St. Louis Business Journal
WASHINGTON, Mo., March 8 /PRNewswire-FirstCall/ -- Challenger Powerboats, Inc. (OTC Bulletin Board: CPWB) today announced that it has been profiled in the March 2-8 edition of the St. Louis Business Journal. A brief summary of the article for non-subscribers can be viewed by visiting
http://stlouis.bizjournals.com/stlouis/stories/2007/03/05/story4.html
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