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Sorry, can't reveal specific names.
Yes it's a fact. Another fact is there are manufacturers who will not do business with Musclepharm because of their terrible financial situation.
Don't kid yourselves. These inventory issues are strictly money related. Manufactures are demanding invoices be paid and money up front for further production.
They are a long, long way off from cash flow positive.
Brad and Cory working had as usual.
Glanbia looking to make another acquisition and it's not Musclepharm.
Yes of course you are. LOL
Scalp it guys. These last couple of days were a gift. Trade the stock and don't invest in the train wreck that is Musclepharm.
You can always open a new position. Take these gifts when they are handed to you and don't allow yourself to give them back.
No doubt the ones preaching this long term nonsense are so deep in the red they feel they have no option but to stay long.
Trade it. Take the profits when you can.
Easy now Turk, I didn't ride you when you were having your meltdown last week.
Gotta love that message board money. LOL
Everybody wins!!!
Scalp it. If not you'll give it all back and then some.
Looks like a 20% decline is setting in. I expect revenues to be significantly below $40 million.
And with the current call on the existing loan forcing Brad to involuntary liquidate shares - a commercial bank loan is not in the cards.
Take profits on this temporary spikes. If not you'll ride it back down.
Insider buying doesn't give me one bit of confidence. Didn't Brad buy at $13 and just sold at $4.
Not the sharpest group of "insiders".
Who said it picked up? Brad? He lied about 4Q revenue 6 weeks into the fourth quarter last year. Why would you believe him now?
They were down 20% year over for Q4. They are down 20% year over year Q1. There 2014 quarter to quarter earnings were a steady decline from Q1 on.
Demand is dropping quite rapidly.
What are you talking about? Year over year quarter 1 is down 20%.
Demand is decreasing.
The problem I have with their endorsers is that they don't endorse anything. It's like they pay out millions so they can put a picture and a paragraph on their website.
Aside from an occasional tweet, they contribute nothing. You can't pay these guys millions and not milk every penny's worth out of them. If you are not doing that you are throwing money away.
It's Brad simply buying friends not utilizing shrewd sponsorship.
I agree but I don't think that's in the cards.
I think they are at a point now that in order to continue to grow revenue they will need to spend even more money. They have structured the business in a way that takes them $1.20 to make 1 dollar. To keep growing revenue it will cost the $1.30 to make 1 dollar.
How many quarters now have they said next quarter we'll be profitable? Their business model simply will not generate a profit. They refuse to accept this.
They are approaching $150 million in losses. When that's how they do business they simply can't flip a switch and start making money. Virtually all other players in this space, though smaller in revenue, make money in less than 2 years and many, if not most, the very first year.
They have built a money losing business off the backs of the shareholders while adding millions and millions to their personal wealth.
With their production fiasco it looks like quarter 2 is going to be their real disaster quarter.
That's one way to spin it. LOL.
Good luck with all that.
3 days later and 3 1/2 weeks before the end of the quarter. It falls on the same weekend every year.
If only that were the truth it would mean they are supremely incompetent with absolutely no inventory forecasting ability. And we all know it can't be blamed on product demand since it's at least 20% lower now.
They indeed were cut off for nonpayment.
Same for their sales backlog. Blaming it on the Arnold Classic being held later than normal. The Arnold is always during the first week in March just like this year.
You make a great point here Deep. Musclepharm product had to be sitting on a lot more shelves Q1 2015 than Q1 2014. If demand was increasing that alone would drive more sales. It didn't.
If that's not writing on the wall I don't know what is.
I don't think their margins are bad they just need a lesson in business. They simply can't continue to spend $1.20 for every dollar they bring in. Especially when revenues are declining.
They can spin these conference calls and financials all day long but the bottom line is growth and especially growth with profit. How much money is left after ALL the bills are paid. Not make believe profit - real bank.
It still seems to me like they have a long way to go before they can show a quarter after quarter profit. Until then, if they make it to that point, and that's a big IF, I just don't see this stock ever entering a long term uptrend.
Just think how far $20 a share seems like right now.
You have to understand that Q1 is historically the strongest quarter for the supplement industry. I figured they would do better than Q4 but didn't think they would beat last year's Q1.
They have been trying to grow revenue by every means necessary except if it meant forging some executive compensation. Then growth as well as financial health and investor sentiment takes a back seat. That shows me where their real interests lie.
Anyway, good on picking some up in the low 3's. Now scalp that profit.
Nope - didn't miss it at all - I know the source it's coming from.
I also didn't miss the $7.5 million dollar loss and the $9 million decrease in revenues.
They do not have the know how to structure a profitable business.
Sorry, but their time for excuses has expired.
No idea but they won't match, much less exceed last years.
The only thing growing with Musclepharm now are the losses.
The quarter certainly could have been worse but this is not good. Revenues declining year over year by almost 10%. Losses increasing year over year by 450%!
Musclepharm is no longer a growth company. This is what most people have been pinning their investment hopes on. Sorry but the very reason for investing in this company in the first place no longer exists? What is the reason for it now?
$7.3 million loss. Add that to last quarters loss and you are looking at $24 million in losses.
And I think we all know or should know that their guidance means nothing. They have continually and knowingly mislead with their guidance.
Scalp some profits on the spike because I wouldn't be holding long here. I believe we will fall right back into the same trading pattern and trend lower.
No I will not.
I believe we will definitely see lower year over year revenues for the first quarter and another pretty substantial loss for the quarter. The stock will get hammered again.
If the CC is not opened to questions I think we'll see a stock price close to $1. If the do answer questions and the answers are not good - watch out.
Now lets say they have a good quarter - I don't see much appreciation in the stock price. Too many problems with this company from head to toe. One decent quarter of sales is not going to change that.
That's crazy. Imagine if we really knew what was going on inside Musclepharm.
I didn't say a single word about herbal supplements. SMH
What did you just make that up?
What does that have to do with anything?
Sales continue to fall at vitamin retailer GNC
http://triblive.com/business/headlines/8253719-74/sales-million-cents#axzz3YtjiqQCz
Not a good sign.
I have a strong feeling another disappointing quarter is in store. Two bad quarters could be the final nail.
As far as NASDAQ uplisting - like I said from day one, it's not going to happen.
Yes I see that. But none of the other companies mentioned are competitors to Axxess Pharma in any way. Some are outlets for the Tapout brand and others sell non-competing products.
One technique of writing a press release is to appear objective so as to lend credibility. Many ways to do this.
No biggie - just a press release not an article.
This is a press release not an article.
Is he still in the federal prison system? I believe he got 5 years of federal probation to go along with the $600K and $7 million fines.
Ryan Deluca is a convicted criminal no matter how you slice it.
This is quite telling. 6 weeks into Q4 Brad assures that the quarter will be around $50 million. It was $32 million.
He says operating expenses will be $16.5 million on $50 million in revenue. It's $19 million on $32 million in revenue.
He straight up lied and has done so ever since they have been in business. Why would anyone believe a word he says.
Here's what has happened to VPX as they tried to get a piece of the energy drink market.
http://www.bizjournals.com/southflorida/news/2015/02/26/vpx-sports-in-weston-seeks-buyer-to-avoid-140.html
I heard Corey was giving massages in Cavs locker room.
What are the financial terms of these partnerships?
Many of the are better and packaging is better.
Combat Crunch is just another bar in a crowded market.