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writing debt off of the books and giving up their interest in ECOB are two totally different things. if you think that they don't want to be in line to get paid if ECOB succeeds or goes bust, you are crazy.
they surely want their money back. they just don't expect to get it back.
finally stayed above 0.02. first time in a while. big volumes too. hopefully, we we get back to at least where we were a few months ago.
the incredible announcements just keep coming. look back at haiti, new coating facility in salem, oregon, etc. it never results in net profit.
6 months by my count and the posts starting about here.
6 months since HD, still $0.02
well, it's been about 6 months since the deal was put together with HD for the pilot stores. the stock remains at $0.02 per share. 6 months, no gain.
still prayin' for an exit price of $0.08. can't come soon enough, if it ever comes.
is ECOB still relying on joint checks from the customers to the suppliers to get product? i don't think anything has changed there.
10 cents? when might that be?
pretty scary stuff, really.
oops! that did not go so well. lol
what about the non-HD customers or is it a one-trick pony now? we will have a better idea when the numbers come out.
it will be very interesting to see when the last quarter's numbers come out. if they are now coating a ton of wood, chemical inventories should have dropped. if ECOB has gotten out of buy wood to treat and is just coating other people's wood or just selling the coating, then inventory levels should have dropped dramatically. it should be very telling of the business direction and future for the sauce source. (unless it gets restated again in the future)
how else can ECOB buy without any credit? what supplier would give them credit to buy lumber and plywood to coat? he has to get cash to be able to buy product to coat.
without profits and financing, nobody will sell to him with any kind of extended terms.
i too believe that positive margins will be elusive with the sales into HD.
unfortunately, i have come to believe the same about this stock. i thought it had tons of promise when i bought my first slug on a drop in november of 2011 after some DD in the prior months. then it got ugly.
i bought into the pr hype on the yayhoo board to average down in may of last year. this guy smallcaptrader had all the answers of why it should spike up "any day now" or "a few more weeks". it jumped up and i was a believer again. i had a chance to get out with a gain, but it sucked again. i began to wonder if IR was the one hyping the board. maybe i should have believed that bud guy. oh well.
finally, i had to average down again near the bottom in may just to get me closer to a decent level. now i am just praying that it gets back to 0.08 so i can get out clean.
i have done much better with my long positions in DDD and PGTI.
for $8.33, i could buy 416 shares of ECOB.
one: i cannot reply to pm's because i am not a paid member of investor hub
two: post your pronouncements on the main ECOB message board so that i can respond directly.
three: i was not implying that YOU were a pumper. you should not infer that from my post. i meant that i wish pumpers (in general) would push this stock to $0.08 per share so that i can get out cleanly.
four: i would make these statements in person to you and carry on a healthy debate, which this board seems lacking lately.
five: what sawmill in salem, or? there is a pallet mill there acording to google. across from a HD warehouse? that does not help them get to new jersey. extra trucking is involved regardless.
six: Steve compared it to kd lumber. i will go with his comparison as there will always be cheaper alternatives.
ECOB on south korea's "island of the gods"
check out the ECOB home page rotating pictures. there is a picture and statement about ECOB going verticle on south korea's island of the gods.
ECOB is finally getting some export sales.
it is a balance between margins and volumes. custom home builders volume is low, but the opportunities are better for higher margins. margins on multi-family projects are low, but the volume helps keep the plant running more efficiently.
ECOB needs profits and financing.
his gallery shows a lot of pools. it would be good if they showed lots of pictures of their mega mansions.
i think that ECOB gets better visible exposure with the large multi-family projects.
he has put out 100's of these onesy builders over the years. don't believe me? look back and then look way back. there have been plenty of "drive by". profit and financing. simple.
i hope that he is not going back to his old ways of insignificant pr's.
that one house should really help the bottom line. i am soooo glad that Steve is announcing such significant events with press releases. that alone should get this stock to $0.08.
i would hope that this in not as grasping at straws at it appears.
revenue is one thing put profitability seems elusive.
on page 10, steve states "Eco Red Shield is only fractionally higher that the raw lumber it now sits next to in the stores - only $3.79 for a 2x4 versus $3.59, making the choice easy for those who understand the added value of protected lumber."
for such a small cost difference, the consumer would be foolish to not choose Eco Red Shield.
$3.79 is only 5.571% more expensive than $3.59. if a truck of lumber is $356 per thousand board feet according to the NAHB, then an average truck of 30,000 board feet would cost $595 more than an uncoated truck.
can ECOB truck it to their own coating facility and back to HD for under $595? I would bet that it costs at least that for trucking one-way. there has to be extra transportation costs to and from the coating facility versus shipping directly to HD.
what is the cost to unload a truck of lumber at the coating facility? labor and the fork lift ain't free. $50?
what is the labor cost to coat that truckload of lumber piece-by-piece? 2 guys, one feeding into the red bath and one stacking, plus packaging, strapping, and painting the "ECO" logo. $25/hour x 2 guys x 8 hours? $400?
what about the cost to staple a UPC label on the end of each piece? $25/hour x 1 guy x 4 hours? $100
what does it cost for the red juice to coat that truck? $200? $400? $600?
something does not add up.
the shares that i bought at $0.007 are doing awesome! the problem is that i had averaged down from $0.14 and $0.07. i am averageing about $0.072 now, all in.
i am praying for $0.08 per share soon so that i don't have to worry about the numbers above. something about that $0.20 per piece just doesn't make sense. gl to all.
Home Depot's buying power for lumber and panels must be much, much greater than ECOB's given the volume. wouldn't it make sense for HD to buy the wood at the best price and have ECOB coat it for them? otherwise, ECOB could not buy wood as cheap as HD, which would make it difficult to compete without significant markups.
is ECOB buying the lumber for Home Depot and coating it or is ECOB coating Home Depot's wood?
this should complement the Salem facility nicely. it looks like the best path for ECOB may be to open and control its own facilities. the volume through the affiliates has been mediocre up to now.
a quick google search shows that "framing lumber prices" peaked soon after that and proceded to fall about 30% or more. panels were hit harder. many companies that bought heavy in the spring lost a ton because their inventory values dropped so much. i would bet that ECOB's inventory (lumber and panels) values dropped too, which may prompt a write-off.
here is the data from the national association of home builders NAHB:
framing lumber prices
here is a more timely and relevant article:
Lumber Prices Have Plunged In The Last Two Months
my point is this, lumber prices don't matter much to ECOB if they are now only selling the coating as they recently reported as their new strategy. also, it doesn't look like lumber prices follow housing starts that much, except during the 2005 housing bubble. it is a supply issue more that housing starts.
ECOB needs demand for its products, which it seems to be growing lately. they also need to reduce spending that has been 3-times revenues in some quarters. in conjunction, they need financing to grow.
the stock is up a lot in the last 3 months. keep it real. cautiously.
hardly. not THAT far back. the dead horses cannot be beat anymore than that.
this has become THE BOARD OF HAPPY THOUGHTS.
this used to be the board of frank discussions about this stock. it has quickly become the board of happy thoughts.
it is great to know the good and the bad, particularly with the past performance of this company and this stock.
please pay attention. see post 5008.
post# 5008
you boldly predict that this stock will be at "5+ cents in the next 4 weeks while" i'm "sitting on the sidelines still moaning and crying."
i would take that bet. just look at the charts.
find one post where i have even mentioned the R/S, CobraKai. i haven't because i dont care. i view R/S's as 6-of-one/half-dozen-of-another.
often, they end up as a wash for the investor after things settle out.
there were more opportunities today. there has been the same opportunities or better for the past 4 months. there will be more over the next month.
the "opportunities" remain for those that want in. you guys keep talking about buying in now like there won't be another chance.
i bought in at the "bottom" of $0.14, then more at another bottom of $0.07, then at another bottom of $0.007.
nothing is going to change significantly until ECOB finds funding. so, there will be more great opportunities to buy into this gem.
revenues should be way up, but that is only half of the equation.
what will expenses do?
HD is a finicky customer. they take a long time to pay. every invoice has to be perfect or they don't pay it.
need more time to evaluate. if this stock spikes, there will still be a chance to buy more shares. i have enough shares to take advantage of any initial upward spikes. i will wait to see the trend on expenses.
3,000,000+ shares are trading and it is going nowhere fast.
the HD news and pictures from the stores is encouraging. but, we have yet to see a reduction in expenses. the (lack of) earnings report should be enlightening.
shouldn't you at least wait until then?
you can wish in one hand and crap in the other to see which one fills up faster.
a billion dollar company? i think that you have fallen off of the deep end.
you are spreading it on a bit thick today, don't ya think? what happened to waiting?
you can say "poop", but not "crap"? which one of you dudes with a dress complained about me posting the word "crap"?