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no I dont, but I know he says average. If a mid-grade bathroom vanity cost 800 no one would buy it. They should sell these for about 200-300 imo.
if you listen he says the average price is 800, some lower some higher.
you act like they only carry products that are home runs and thats just not the case.
they have plenty of duds
really? so lowes has nothing on clearance? nothing being closedout? everyhting sells great and every company they do business with is a big hit?
every day thousand of products at retailers across the nation go on clearance, because they didnt sell. yet the company that brought it to market likely thought they had a home run, spent a bunch to get it on the shelf, yet it didnt go over.
not saying that is the case here, but I know for sure just because it is in the store doesnt mean it sells.
Ever heard of "New Coke", the Apple Newton, Crystal Pepsi... major companies, bright ideas, total failure. Apparently retailers didnt sell those.
I dotn care if retailers love it, that wont make the public buy it. retailers loving it is only one step, now what is the price, the quality, the sizes available and how are you going to market the product
so your saying the way they market it is bad.... well thats not good now is it. They are selling people on being able to change the face down the road, if they should be marketing this a different way let them know.... because your the only one that seems to see if different.
why is the product attractive to the consumer... because i can change the look in a few years and save money over buying a new cabinet.
am I right?
If Im wrong I dont see how.
yes the store saves room from having to carry a larger inventory, I get that... but that doesnt make the product sell.
The reason i would buy this over another cabinet the same price is because I can change the face in a few years, that is the selling point of this over another cabinet. if it is the same price and quality of the cabinet next to it from a different company it will sell fine, if it costs more, depending how much more... it wont sell so well.
you dont change the face on new installation, at first your just buying a cabinet, the selling point is the ability to change the face after its been installed and then you do need to take off counters and everything that comes with them.
Not well tought out imo.
easy fix? they already spent tons of money getting it the way it is, and going for the patent... easy fix, um... not so much.
this should have been thought of already.
thats a great point, but it wont make the consumer buy it.
imo I cant believe the designers didnt see the biggest flaw of the slide off and make it pop off without having to remove anything with some spring loaded pins or something.
wally, I wasnt exactly referring to your exact post, it just seems like many on here equate our product being in Lowes leading to being a real success and that just not the case. That is only one step.
I dont see our displays being the core in 6 months, this new product may crush our current core, so why not put some focus on it.
Many we are focus on the new product and potential future of that product because the CEO stated some pretty big numbers in a CC, numbers that are 20 times our current revs. Then made it a point to say and thats just from one retailer. Hmmm, is there any reason to ask why people wouldnt put some focus on that?
just because we have product in lowes doesnt mean we will be a success either.
they have thousands of vendors, and carry many products that will soon be on clearance/closeout because they didnt do well. They also deal with many vendors that go out of business.
Being in Lowes is great, but doesnt mean product will move, doesnt mean exph will have long term success.
how we market the product and present it to the public goes a long way, price compared to the same quality cabinets next to it is a big deal, just being on a shelf doesnt mean much.
I traded this in 08 and it was in the .02 range, I thought it was a decent company with decent product, what has happened here? dillution? or?
ihub shows buys at 56m sells at 55m is this accurate?
to the general public, in the pinks this looks like fluff so it will be taken that way by most. Personally I dont like all the could and maybe pr's, I would rather have a link on the site that investors can read with this info and/or have an email sign up where they can just email this news to investors.
sells 3 to 1 over buys, with all the potential here cant believe the selling and lack of buying
does lowes stock kitchen cabinets? I wouldnt know they dont have one in the second biggest city in my state.
to me lowes and hd are the same place, and both are a potential customer
I have been to Home Depot many times, I have looked at kitchen cabinets many times, I dont believe they stock any....or very few. They are almost all sold by having to order them I do believe. Are they now going to start stocking cabinets? Or just sell them in a book or on a computer like the rest?
but that does sell it, stores liking it doesnt make people who will use it want to buy it.
I see very few advantages of the new product to the consumer... the people who actually purchase the system. I see it good for new home builders... and that industry isnt exactly on fire right now and may not be for a few years. I see it as a good thing for rentals and hotels.... althought the 30+ hotels I have stayed at in the last 2 years look like they havent remolded in 15-20 years. People I know who own rentals usually go with cheapest options possible, usually a pre-assembled cabinet off the shelf.
The biggest selling point (change the face, not the cabinet) doesnt really sell me as a weekend warrior doing a home improvement. I still have to buy the cabinet upfront and probably wont change the face for 4-6 years. Heck once you have off the counter, a few screws will pull it off the wall.
The biggest factor to me will be price as compared to the same quality cabinet. if its the same or sheaper i may entertain the idea of buying it, if its more, the face change option might not be selling me.
really curious to see the kitchen cabinets they come out with.... see how they solve the problems of not being able to slide off upper faces and floor to ceiling cabinets.
I still see some potential in this product and Im sure the company is smarter than me about the potential... or I hope they are
testing .01 when we where testing .035, the news wasnt that bad the way it was all handled and the reaction to it... not so good.
some posters say what does it matter what we (investors) think about the product. Lets see.... are we not also consumers?
I think the company handled this all wrong, they should have never said stuff like 100m from one retailer, and told us the exact date of a huge pr, and not have worded the pr the way they did and so on... still big potential here, so I stay
I dont quite get it, we have the new product, and plenty of other things in the pipeline, yet they have no real buying pressure. This thing must be worth more than a penny.
maybe next time they wont PR, that they will be having a huge PR on a specific day, I thought that was stupid from the second they released it. When everyone knows exactly when something is coming it may create the big mess we had. When they are general by saying soon or a few weeks then it is still not known when the exact day is.
bottom line, real company, real products, real sales, real potential. if it drops, I will buy more and wait.
the website is impressive? are you serious? are you new to the web? how many site have a one page site? how many of those are trying to bring a new product to market that could sell 100m in rev?
Im not sure who did the website, but if it was moving ideas or lime light this is one of the cheapest sites they have designed. just go and look at their other work posts on their websites.
the current website is a joke, and I pray it is only in its starter stage.
if the website is impressive, tell me what products they offer, what sizes, what colors, where to buy, how to assemble, what the price is... should I keep going?
the logo is decent, the video is decent, the rest is crap
check out kraftmaid.com thats a real site selling the same thing
what product are they shipping? it didnt say, another poster said it was something that was pr'd in july and not the new product. we dont know what they are shipping, how many they fit on a truck or what they are worth for each unit.
How much in packaging peanuts can you fit on a truck? they are cheaper than peanuts you eat but take up more room.
until you have all the factors, any guess is specualtion, could be less could be more
yeah and I can fit 2 million dollars worth of high end cars into a trailer. Each product is different, any guess is just that and until we know the facts it is misleading imo
based on what, you dont know how many they can fit or what each unit is worth. any guess is PURE speculation.
when was the last r/s, if they had one, tia
current share structure, when was last r/s if they had one... tia
new to this one, trying to do some dd, is this product they have for real, will it actually be in use one day or is it a scam?
well did you ever hear of buying more at the .012 level? Could bring your average way down and then you may only be down 20-25%
looks great? maybe you should look through a site like kraftmaid.com if our site was half as good as that site it would be great. That is a professional site that sells the product and gives you pretty much everything you need to know. In todays age, a proper website for your product is very important.
we can only hope this is just the "starter" site. It lacks so much, from the looks of their other sites they are all one page. I just dont see how they cant or wont expand ez2install, they need more product info, what a person has for color options, where to buy, who to call if they have an issue, some sort of online instructions and many more things. If you want to sell a few hundred million dollars of a product on this day in age you need a 24 hours store (internet) to help you sell it. This site would likely be a turn off to anyone trying to learn more about the product. The video is good, the rest leaves a lot to be desired.
this site, along with the way the PR was worded did nothing to help us out yesterday. I think its time to hire a professional IR firm (person) to handle all of us, I dont think a CEO should be answering our calls and writting us emails when he is trying to run a business that is launching new product lines and expanding business. Yes that would cost money, but having him screw with holding our hand also cost them money.
Yesterday was a big day in this companies history, the way it was handled and the way they introduced the newst thing going, made them look like and bunch of amatuers.
Im still long and hopeful. I believe in other products and like that they have their foot in the door with some huge companies. I like the concept of the product that was introduced yesterday, just dont think the weekend warrior will think its a big deal.
is this the 10k product or the new cabinets?
you dont have plumbing in your kitchen... or are you being sarcastic. also the upper cabinets.... cant be slid off once installed. The ceiling will hit or they will hit the lower cabinets trying to slide them down.
bottom line is they should have made them so you didnt have to remove counters. Like having a series of spring loaded steel pins on the back of the face frame that lock into the side uprights. or something along those lines.
the concept is nice, I just dont see it being a big hit. I pray they work on that website, I could have put that together in a few hours. Im sure it is there just to have one, and Im sure they are going to make it better, because this site does little to see the product.
thought having an .01 average was good, man this thing just wont bounce up, just keeps going down, who is doing all the dumping?
because I know its not their only thing going, and I may be wrong about it. But I do have a some cabinet making experience and I realize this is only for the cabinets that would be sold new... and I dont see those same people needing a face in the near future, so where would the sales from the interchange parts come from over the next 3-5 years? A pro would need to come in and do this to your old cabinets.
because I know its not their only thing going, and I may be wrong about it. But I do have a some cabinet making experience and I realize this is only for the cabinets that would be sold new... and I dont see those same people needing a face in the near future, so where would the sales from the interchange parts come from over the next 3-5 years? A pro would need to come in and do this to your old cabinets.
well... I dont really believe in this new product, i dont see it as a gamechanger, i dont see how it could sell 100m from one retailer.
I do like that on their website it says specail thanks to Target and lowes
I could be wrong Im sure the company is smarter than me, i will continue to hold and see what else comes down the pipeline.
biggest flaw with this system is that you need to byuy their cabinets.. traditional cabinets have faces that are glue or nailed on... or both.
if you buy new cabinets, you wont need a new face for 3-5 years
the product doesnt make sense, i have built more than one set of cabinets for a home, they dont do you any good for existing cabinets as far as i can see
also many people have custom sized cabinets
never had my account drop so much in 20 minutes, especially on what should be good news
so let me get this straight.... I relize what the product is, but dont they need to have the actuall cabinet you can slide a face off of to use our product... does this mean we will be selling the entire cabinet plus the faces? doesnt quite make sense. if we are selling the cabinet, who is going to need a new face any time soon and if we dont sell the cabinet how are they going to slide off a face of a traditional cabinet. Yet again im confused and looks like the market really doesnt like the news