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Great analysis Ant. Thanks for all the DD you do. People through out a lot of numbers without much thought. When you stick with the facts you can make a educated decision on your trades. Thanks again.
I second thought, can't really count the buys @ .001. From the amounts, the .001s look like obvious paints was as the .009s look like real (timed maybe) sells. I hate paints either way even if it may be to my advantage. Bring on the real trades!
I guess considering the 8mil hit at .0008, WNBD did pretty good to end where we did.
Interesting to see the fight at the bell. As soon as it went to 10, someone knocked it back down to 9. I agree with you Scup. Someone wants to keep this stock down. Why all the effort on this particular stock though. That's what I have to keep asking myself.
People claim dilution is killing pps and I could see that if the stock had only dropped half of what its value when O/S doubled. But the case is that we have dropped more than 90% and revenues are going up with multiple large accounts coming online or on the horizon as compared to where revenues were when O/S was half of what it is now. Doesn't make since to me except for some reason someone wants this stock pps kept down
Maybe lost a trader/flipper who's cutting loose to play elsewhere! WNBD moving too slow for them?
It would be good if they could sell the 32oz 3-pack at the roadshow to see how it sells. People see how it works at the demo, pick up the 3-pack, 1 for them and 2 for friends/family.
1000+ is available in 55 gallon drums also. A tour boat company orders them for cleaning their jetboats. Can't remember, but I think it was PR'd this year but could have just been on the blog.
It's possible to hit 1 million in revenue for this year but I'm thinking it'll be around $900K. 3rd qtr should be large with restocking Walmart and stocking Do It Best. 4th qtr should depend mostly on repeat sales. I haven't heard of any new big customers coming on that are hitting in 4th qtr. Sam's Club Roadshow will be starting up but I don't think that will have much impact until next year when more stores are added. Would love to see large 4th quarter on repeat sales alone.
Could always get a surprise from Austrailia, Africa, or European accounts. Haven't had any news from them for awhile and that is also a growing market though slowly at this time. Seeds being planted internationally.
I agree. Each person has the right to their own strategy on how to makes some bucks on this or any other stock and that will alter depending on the what going on with the stock. I hate to keep seeing the pps keep sliding downward but traders/flippers IMO help the stock as much as the longs. Keeps the volume pumping and generates more investment/trading interest as it starts hitting more peoples radar.
I'm holding the majority, if not all, my shares long and continue to accumulate when I can. I have sold a few big looser positions to take the tax loss (worth more dead than alive) and replaced them at a much lower cost basis. In the mean time I continue to add at these low prices.
I believe that WNBD will make it so when it does I want to have a sizeable position but why not reduce that cost basis as low as I can while I wait.
Doesn't explain why so many naysayers show up at these periods. I could see a few posts throughout the day but the velocity the posts have been today is a little over the top. Especially the bashing on Eric. At the end of the day he is doing exactly what he said for his business plan. Just like life, there have been successes and let downs but the progress has alway been going forward toward the goal of a successful company. If he was a con this stock would not be here 6 years down the line and he wouldn't be putting in the hours as he does.
Admittedly, the chart doesn't look pretty. Got to call the kettle black. A lot hinges on WNBD getting these new large accounts moving. Do It Best has a lot of possibilities with 4000 stores, but a good percentage of those independent stores need to see the sales. Walmart coming back is a shot in the arm. Get 1000+ on Duane Reade shelves, land GSA contracts, and possibly an ever elusive USA NA, this will turn into a very different game. Right it looks like crunch time.
If you have the revenues for when it 4 cents we could do a comparison on sales. I don't have that info so I can't comment on a revenue comparison. DO you happen to have them. I don't think those number are public.
You're the one taking a trip down memory lane. I was just posting the fact last time it got to these levels it got pretty excited and lifted off. I don't expect 4 cent but .005s probably aren't out of reach if we get a little action off these extreme lows. And BTW. WNBD wasn't in a quarter of the stores and NAs (Canadian) that it is now. Much closer to a tipping point then it was 2+ years ago.
Ya, last time it was at these levels WNBD skyrocketed to 4 cents (.04)
Looks like there was a fight at the EOD for the last PPS paint. The red paint won with a final downward stroke.
This company far from being a shell. It has a real product that is making it's way into the market. Already in stores nationally in Canada such as Walmart, Home Depot, Lowes, Canadian Tires, and Zellers.
They're working their way into the USA in over independent 1000 stores using distributors. Currently signed deal with Do It Best and is in 3 test Lowes stores in Ohio. Now they are starting to sell at Sam's Club USA in Texas which is affiliated with Walmart.
Also shipping to international markets in Austailia, Africa, and Europe.
Far from being a shell. Just a company working hard to make it in the market with a great product which even the naysayers on the stock don't deny. The hard part with the stock is that until the company reaches critical mass, dilution will be a fact of life. Dilution will just be less as time goes on until WNBD lands that last account that makes it self-sustaining. BTW, that may have alraedy happpened with the sgning of Do It Best (4000 stores) but we'll need to see how that pans out.
Good pick. GLTY.
I agree on the dilution. Hopefully we get to the tipping point soon. All it will take at this point is landing that one elusive USA NA to begin a snowball effect..
The PR doesn't saya anything about it only being 5 stores. The blog mentions the initial 5 that are being started initially to iron out the presentation kinks I believe. The 5 Houston stores should be rolling out in the near term, not down the road in October as stated in the PR. IMO, the PR is about more than just 5 stores. Does seem that we are geting some 504 action today with the PR though.
If this was a national roll-out, this stock would be sky rocketing. People are recognizing the PR for what it is. A huge step in the right direction. Enough steps and WNBD will reach it's destination as a national USA brand.
And remember, WNBD is already national in Walmart Canada (325 store). I believe Walmart is Sam's Club parent company which means they are already very familiar with the product. IMO, this is more than a test market but as you said, "A Foot in the Door"!!!!!!!!!!!!!!!!
It's all in the last quarterly if you happen to not read them. Check out the sticky for reader's digest version. We're already up more that 1/2 our annual revenue witht the last 2 quarteres. This is not including the major accounts coming on line in the 3rd qurater (Walmart and Do It Best). Duane Reade deliveries were likely included in the 2nd quarter.
BTW. Thanks for your input since it does tend make people on the board defend the great progress WNBD is making thus more awareness for people checking out the stock.
With revenues going up in the positive direction, I'd say you comment doesn't correlate with the facts. Consumer awareness is growing each day.
As much as I'd like WNBD to hit a pps that high, I don't think it will happen in that time frame without a major USA NA or WNBD becoming self-sustaining. I won't totally count WNBD becoming self-sustaining depending on how Do It Best and our Canadian NAs do (Walmart, Lowes, Home Depot, Canadian Tires, Zellers/Target). Wouldn't count on a USA NA since it's been a long time waiting for one of those already. It would be a nice surprise if an USA NA did come in though.
Not nonsense. It's when I see you and a few others pop up like clockwork. I've made my buys for this time around. See you on the next go around for my next cycle of buys.
Don't forget Lowes Canada NA and Canadian Tires with rollout of rack to help sales.
Are we reading the same Q2 financials? Costs going down and revenues ar UP as well as new deliveries taking place in Q3.
New deliveries = more revenues = less dilution
Even more deliveries in future = even more revenues = no dilution when revenues hit 2.5M/yr
Question is, is it worth waiting long enough to hit 2.5M+/yr for return on investment and self-sufficiency. If we continue on the growth path we've seen this year so far, I think we'll hit self-sufficiency by the middle of 2012. I've laid my money down on that belief.
Need to recheck your facts about "on shelves, but NOT SELLING". Lowes would not be reordering if they were not selling. This is just one example. Walmart would not be restocking 300+ stores if they didn't think the product would sell. I take the credibility, knowledge, and research of these companies any day over any DD by a poster. The companies and their buyers have a lot more riding on the success of the sales. They are putting cash on the line in a tight economy.
The delivery of the Do It Best inventory next week should be a nice shot of revenue to help slow down the dilution. With Walmart and Do It Best coming on-line Q3, we should see a reasonable impact in decreasing dilution. Also like the reduction factor of ten for the cost of the counter displays. All helps the bottom line.
WOW!!! Thanks for the recap Ant. Looks like we are finally starting to make real progress towards self-sufficiency. I like that WNBD is not relying on an NA to put us there though. I guess Do It Best could be could considered similar to an NA in weight. End of the year revenues should look great. Maybe top 1M?
No broker problem here. My order was filled...
And why would a post about a financial fraud center be relevant to this board?
Another possible revenue stream. It all adds up. Before you know it we'll be at $2.5M and self sufficiency. Then we'll really fly.
Eric has publicly announced the last couple of quarters that he's been working hard reducing operating costs (aka. budget cuts). If he has chosen to eliminate a position to save costs than I'm all for it to help reduce costs. Thought that's what a CEO is suppose to concentrate on and making the tough decisions.
Historically we know that Walmart was bringing a reasonable amount of revenue before they held off reordering and that was approx. less than half that are coming on board now. The impact from the loss of revenue was enough to send WNBD into a downtrend that landed us where we are today.
It is a reasonable assumption that the opposite would be true when Walmart brings the buying power of over 300 stores that it will have a significant impact on revenues going forward.
Do-It-Best stores just add further to those revenues and more importantly spreading the footprint where 1000+ is getting introduced across the USA. I have to agree with some posters here that we won't be in all the Do-It-Best stores, but even if we get in 25%, we should see a big difference in the revenues. Of course, the more revenues WNBD gets, the less dilution we'll see in the future even at this low PPS.
I personally like what I'm seeing with the steps being made by WNBD and believe if they keep this methodical approach to growing the revenues and don't listen to us armchair quarterbacks, they will be successful IMO.
Landing the Do-It-Best account and being back in Walmart Canada with even more stores is not make believe. That's the bottomline that truly affects the revenues for the company.
Believe Eric is only referring to the USA online Home Depot. We're already national in Cananda. Try www.homedepot.com.
I'm with you on that. As soon as I have some items clear, I plan on accumulating a bit more. Love free shares.
Last comment I remember from Eric on when an order is counted in the revenues is when the product is delivered to the customer, not when the order is booked. We saw an example of this last year when a customer asked WNBD to deliver in the next qtr though it was booked and ready to ship the previous qtr. The revenues were counted in the qtr the customer took delivery.