Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Breaking news: LTDI went to a boat show.
People saw thier boats. People sat in thier boats. People said they liked thier boats. Hey Orlando & Co. How about telling us how many people are actually buying your boats?
If people are getting excited about a minor regional boat show, and some massive sales news off that show, please don't.
I don't doubt we will see another rookie PR effort like "We went to a Poker Run!" or "We exhibited at a Boat Show!" -but hard, tangible sales news is not coming in the near future. I wonder if they are still trying to figure out how to release Q108 financials?
Going back to .0001 or .0002 sooner rather than later IMO.
So the fact that they have been reporting is actually a bad thing in your opinion? Press releases and lack of revenue attainment is fine, as long as the press releases keep coming out?
We are looking for Q1 2008 numbers. The same fiscal quarter that they have been throwing around $600K in new sales.
But it's okay for thier CEO to say they will hit $4M in sales last year and miss by millions? These guys need to prove credibility in attaining thier stated sales figures. Just because they "say" one thing in a PR is different from seeing thier actual results. Otherwise all there will be is a continual cycle of lofty, unattained sales projections that are made every year, unfounded stock price increases and then dramatic drops in price per share. So if this is such a great company, they should have no problem continuing issuing results, but maybe with an entire year delays in doing so.
Proof and detail of boat sales is better.
Come on Orlando, release Q1 financials before next April.
**Unless the issue a quarterly report to back up the $600K sales in Q1 this moves to $0.0001 ~ IMO!
Let's see some real numbers and less rookie PR efforts. I don't care if they are winning best dressed at Poker Runs. I want to see boat sales.
Did they win it?
Not compensated to promote or negatively impact LTDI.
Just because I ask questions like is LTDI going to do more than issue a press release about sales and issue a quarterly financical statment does not make me a basher.
Maybe that someone is avid boater, who lost significant funds after investing on nothing more than PR (hindsight is 20/20) that seems to be replicated now, and would like to make that money back. There is nothing suspicious about that, and the fact that more and more people with similar views join the board with differing views might make this all the more validated. So your conspiracy theory does not hold water (get it? aquatic reference there) when it comes to everyone.
The 23 foot model, at least last year, was a pivotal part of thier business plan because of the economy and gas prices. This is the volume model, the 28/35 are less so based on those reasons. But this is just what they said in PR.
When someone comes on a board and they claim they just learned about this message board / IHUB and they misrepresent their intentions, pretending to be a casual observer and then former investor who lost money and then won't let it go is HIGHLY suspect in my book. The ONLY explanation for someone who knows so much is that they are a disgrunteld EX employee, Competitor, or Involved with Naked Short Selling. Given the fact that there are a number of folks who just happened to show up here about the same time to spread misinformation about the company with the intentions of creating doubt and fear, leads me to believe that most of them are involved in Shortselling.
In regards to the question about the 23ft model, my understanding is the company does indeed have the mold for the Hull. Where the mold is for the deck I do not know but I'm satisfied that the 23ft will be an extention of their product offering at some point and I think will do very well.
Keep in mind the 23ft will be more suited for smaller lakes and the smaller lakes have a limit on the size of motors. When you see pictures of a bunch of powerboats together, how many small ones do you see? Not too many 23ft IMO. The market is really for the 28ft and up IMO. It's a HUGE market and the company is getting it's name out there. IMO they really don't need a 23ft'r to be HIGHLY successful.
If the person posting truly lost money as they CLAIM, they'd be buying in at .0005 on the big dip from .002. Ask XBigShot about averaging down. He has a great post about it.
By all means, as a current stockholder, please encourage to him buy it sooner rather than later. I've seen the boats too. That's the great thing about these forums, people can offer differing views on the same company to give perspective.
How about instead of blind cheerleading, we get some facts instead of press releases.
How about asking about revenue instead?
How about asking why they missed so badly last year after projecting $4M in sales, why should anyone ever believe that they would hit $6M this year?
How about asking what thier sales mix is of direct to indirect?
How about asking how many other dealers they have on board now?
How about asking for a quarterly report showing detail from last quarter and the alleged $600K in sales, rather than a press release?
How about asking if we are going to see quarterly results now, instead of having to wait until April 2009 -a year away- to see how they are doing?
How about asking what happened to the much talked about entry level 23 footer that has not made it's very delayed appearance yet?
IMO these are better questions than the softballs you are throwing at them, and when they don't have an answer, you guys applaud as being "thoughtful" and "introspective" or "open minded" instead of "why are these people running a publicly traded company?"
Call them yourselves so you can hear it from thier own mouth. Why believe me? I did my DD, you do yours.
Not sure what you are talking about saying they have no sales.
I never said that. Why, do you think thier reported $600K reported sales are not real? Do you think they are channel stuffing to report sales now and reverse them later in the year? What are you thinking?
Why would the company's lone distributor (are there any more out there now?) not being able to sell thier product NOT be relevant. Why would you ever say this? What motive could there be? Pumping up a stock price?
Yes, that is exactly what I'm saying.
I wish. It would be the only way to make some money back I've lost on this stock.
Wow, not only does the CEO say nice things about thier own company, but the owner of one of thier only distributors says nice things too. Makes me want to buy lots more shares.
What did you expect him to say? How about asking him why he can't sell that White 35SS they have had for a year now?
Quick.....somone do a press release! LTDI distributor likes LTDI. Truly astonishing.
Wow. They paid for a Poker Run entry.
Let me look into my crystal ball and guess what boat they are bringing.....I am thinking the Black 35 from the Miami boat show. Anybody else want to chime in?
Geeeee whiz, I need to load up on more shares right away.
You hear me mention rookie PR efforts, this is a perfect example. They were not "invited", they paid for an entry just like anybody on this board that actually owned a boat could do. It's not a race, it's a poker run. Go to a stop, pick up a card, end up where you started.
How many other center console manufacturuers are going to put out a press release on going to this poker run? Hmmmm....
The fact that they got Taylor to do a press release is great.
But if you guys think this is "news" then there is a difference of opinion here. News to me is financials and more sales news before next April 2009. I'm still suspect that they have not learned the fine are of channel stuffing with the last $600K sales reports. I think most of those boats are headed to Allstar.
The upcoming boats shows are small, regional shows. Please stop blowing smoke with making them sound bigger than they are. Miami in Feb and Ft Lauderdale in Oct are the big shows.
Don't expect massive news other than "Latitdue was pleased to showcase the same boat at another boat show and might have some potential leads that might turn into potential sales or sucker in potential stockholders to watch our stock plummet 66% in less than 2 weeks.
Since his whole family is involved in the business, I would expect he should be.
Maybe I could have picked a better user name for this forum, but it must have been the mood I was in after watching the posts go from a few to a few thousand overnight. With majority of them being nothing but sunshine over this company. So I felt like I was protecting the unsuspecting people coming in here and losing thier money over the same PR that cost me alot of $$$. I probably will buy more, but not until .0001 or if I am feeling lucky .0002. We will see those levels again IMO. And jump again and then plummet.
I wish I had someone with similar posts to me before I invested in this stock before the reverse split. But nobody was protecting me.
Great boats (Powerplay), great riggers (Cigarette), but not a great stock. If they were like similar companies from your neck of the woods (Cigarette, Concept, Solid, Carrera, Magnum --that is a stretch- Pantera, etc....) they would let thier boats sell themselves and do the talking. Not the rookie PR efforts we see. We don't need breaking news about Orlando having coffee in the morning, or about them going to a boat show or the fact people are pestering them with phone calls. We need sales. Of the sales "reported" so far this year, I still am suspect. The look and smell like orders from AllStar. Sales booked vs. Revenue booked are different animals.
Just trying to give perspective that is more realistic than others here who supposedly are buying more stock based on the CEO saying the sky is Blue.
Posted by: flashg3 Date: Friday, May 23, 2008 3:06:14 PM
In reply to: None Post # of 4662
For Mr. Snitch (Imformer, I have only been here for a couple of weeks.
I'm from South Florida myself, have seen this boats in the water on many occasion, I have seen the owner at Eliott Key a couple of times while having fun and trying to sale his boats at the expense of his family time.
If someone is twisting information here I believe is you that is what a real imormant do which I would have respect for an informant that is informing for the sake of the citizens not for personal gains.
This is what Wikipedia says about you "Informer" is a slang term, usually derogatory, for a police informant, who is protected in exchange for information used to solve cases. Another alternative yet popular term for it would be snitch.
So who is protecting you?
Great questions. Here are some answers:
Forecast last year as approx. $4 Million. Actual was what? $750K? Less than that? One of the other "experts" here can correct the final number and how many millions off it was, even after another successful round of boat shows.
The 40 boats were never sold by LTDI. Since some of the employees worked for another company at the time, a subsidiary called Navigotor Powerboats (they like to mix and match wording to make it look like LTDI sold it direct but they did not) to the company that actually had the contract with Homeland Security, Midnight Express. All the boats were delivered years ago, and Midnight Express is out of business.
Huge swing and a miss last year. Similar PR this year. We won't know what they did until NEXT year if the keep reporting financicals the same way. No sales to Homeland Security. Might be some patch work going on, but no boats.
Posted by: lang Date: Friday, May 23, 2008 1:42:17 PM
In reply to: None Post # of 4598
Since a question regarding fundamentals has finally come up,lets continue.What was the COMPANIES FORCAST for last year,and what was the actual figure.No one seems concerned that a 6 million forcast for this year is backed by 600k first half.How close to profitability is LTDI ? When were the 40 boats sold to Homeland Sec?You may want to take a look at the R/S history.Before the attacks start---This board averages about 90% positive posts,I post here only rarely,90% of the 90% is nonsense,any chance I can get some answers without the normal name-calling and nonsense ?
Love the optimism here guys! Have to say you do have spirit. You are all correct. Only 1 way to go from .0001 per share. How soon before we are back there? Tuesday? Wednesday next week?
Kind of looks like it from here...
Posted by: littlebid Date: Friday, May 23, 2008 1:09:45 PM
In reply to: None Post # of 4590
2007 is not 2008 is not 2009 and vise-versa
I know it's old, but here this is again. Last year's "breakout" performance prediction that missed by millions and millions of dollars. No reason to believe 2008's predictions are going to be any different.....and the best part is they won't report thier numbers again until April 2009...if they continue on thier same pattern of reporting as always.
"Having both boats completed before the ending of the First Quarter of 2007 gives us a great advantage for the summer boating season. The company has also retained Evensuns USA to establish our e-comments with a complete new website, brochures, and marketing pieces that will enable us to begin marketing and sales of both models in the first Quarter of 2007. We are projecting sales of 40 boats for this model year generating approx. $4 million dollars in revenues."
LTDI CEO
Agreed. Patch work is great. Every time a drug runner bangs up one of thier rigs they can bring it in. As long as nobody confuses it with an existing contract to build more boats.
It's entirely concievable that they might sell that White 35SS in the latest and greatest video, because it has BEEN made and NOT SOLD in the last year.
Posted by: BuckeyeMike Date: Thursday, May 22, 2008 7:25:00 PM
In reply to: Informer who wrote msg# 4386 Post # of 4392
Latitude STILL has a BUSINESS RELATIONSHIP with the DHS. PERIOD. As an investor, that sounds pretty good to me.
If the DHS is having REPAIR work done by Latitude, then it's entirely conceiveable they will buy boats from them as well. Regardless, Boats are being made and SOLD. PERIOD.
Try again. Midnight Express booked the revenue, and it was more than that, and it was years ago. No more new boats for LTDI to DHS.
$1.5M in REPAIR work? Now THAT is funny.
Posted by: vantillian Date: Thursday, May 22, 2008 7:17:23 PM
In reply to: Informer who wrote msg# 4382 Post # of 4385
Do you do their books? I would guess 4.5M from sale of boats and another 1.5M from repair and custom work (i.e. they recently did some repair work on one of their U.S. HOMELAND SECURITY boats).
Looks like we will have to wait until April 2009 to find out how many boats and revenue it might bring in, because they don't like to issue financials on a quarterly basis.
For the rest of the class who might have missed this, doing fiberglass repair for DHS boats they built YEARS ago under another SUBSIDIARY and meant NO REVENUE to LTDI as we know and love it today, does not get you to $6M.
Posted by: vantillian Date: Thursday, May 22, 2008 7:11:39 PM
In reply to: Informer who wrote msg# 4371 Post # of 4374
Explain to me exactly HOW MANY BOATS THEY WILL SELL BECAUSE OF THE MONSTER PUBLICITY OF HOT BOAT MAGAZINE??????????
Explain to me exactly HOW BUILDING 40 BOATS FOR HOMELAND SECURITY DOES NOT REGISTER WITH YOU???????
Remind me again, after this same CEO said $4M last year (her quote below) exactly how many millions of dollars they missed it by?
"Having both boats completed before the ending of the First Quarter of 2007 gives us a great advantage for the summer boating season. The company has also retained Evensuns USA to establish our e-comments with a complete new website, brochures, and marketing pieces that will enable us to begin marketing and sales of both models in the first Quarter of 2007. We are projecting sales of 40 boats for this model year generating approx. $4 million dollars in revenues."
I was bringing it back to the top, since nobody decided to comment on it.
So the boat shows this year are different than last year? Or are the "orders" different this year from last year? Still not seeing any reason to have an ounce of faith more in this years prediction over last years. Anyone have something to share other than "The CEO said so."
LTDN -- Breaking News: A Letter From the CEO of Latitude $4 Million Projected Sales for 2007
***Why should we believe they will do $6M this year, when at the same time last year they put out the same projection and missed by how many millions of dollars?***
Latitude Industries Inc. (PINKSHEETS: LTDN), a manufacturer of high-quality sport fisherman and center console boats.
Letter from the President and CEO:
I am Carolina Hernandez, President and CEO of Latitude Industries. Latitude Industries is the manufacturer of Latitude Powerboats. We are a public trading company under the stock symbol LTDN.
We are proud to announce a major milestone accomplishment. These are exciting times for our company. As we embark on the launch of our new and re-designed 26 SS Offshore Center Console and the all new 33 Super Sports, with the completion of both boats ahead of schedule and ready to show at major Boat Shows around the nation. Having both boats completed before the ending of the First Quarter of 2007 gives us a great advantage for the summer boating season. The company has also retained Evensuns USA to establish our e-comments with a complete new website, brochures, and marketing pieces that will enable us to begin marketing and sales of both models in the first Quarter of 2007. We are projecting sales of 40 boats for this model year generating approx. $4 million dollars in revenues.
At this time I would like to personally thank all our past, present and future shareholders who have been and will be part of making the best boat company in the world. We hope that you are as proud as we to be part of this exciting company.
Once again thank you, and have a safe boating.
The link to the LTDN page is http://www.macreport.net/featured/LTDN/company.asp .
Please visit our web site at www.latitudepowerboats.com or e-mail us at sales@latitudepowerboats.com or call us at 305-758-BOAT.
About Latitude Industries
Latitude Industries is a manufacturer of high-quality, technically superior offshore sport fishing boats. The company's boats fuse innovative design with advanced lightweight composite materials that resist rot and decay and retain buoyancy under all conditions. Hand-laid fiberglass hulls offer the best of old world craftsmanship and new world technology. In addition, the company enhances the safety of its boats by employing the latest lamination technology, creating a sturdy and durable hull that can handle the toughest sea conditions. Latitude Industries employs craftsmen with decades of industry experience at its headquarters in South Florida, the sport fishing capital of the world. For more information about Latitude Industries Inc. visit www.latitudepowerboats.com .
Safe Harbor Statement
This release contains certain "forward-looking" statements, involving risks and uncertainties, which are covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding Latitude Industries Inc. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual or future results may differ materially from those anticipated depending on a variety of factors, including continued maintenance of favorable license arrangements, success of market research identifying new product opportunities, successful introduction of new products, continued product innovation, sales and earnings growth, ability to attract and retain key personnel, and general economic conditions affecting consumer spending, Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Latitude Industries Inc. do not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.
Safe Harbor: This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions.
Contact: Carolina Hernandez 305.754.2233 publicity@latitudepowerboats.com
**Show me the facts I twisted....
Fact vs. Fiction on LTDI. READ THE TRUTH!!!
I found the answers to some of my questions today off one of thier paid for PR efforts on StockBully.com The whole link is at the bottom of this message for you to read yourselves. I think this is important for people to understand who are thinking about buying this stock to read.
What this proves is that:
1) LTDI is not generating any revenue from Cigarette Racing Team.
2) LTDI is not generating any revenue from Apache.
3) LTDI is not generating any revenue from Midnight Express.
4) LTDI is not generating any revenue from Homeland Security. Why is this? Because Midnight Express Boats (Not the Midnight Express Powerboats in existence today) held the contract with Homeland Security and subcontracted it out to Navigator Powerboats YEARS AGO!!!
Read thier description below. What LTDI tries to pass off as existing contracts, current revenue and contemporary partnerships is work that one or two LTDI employees did OVER A DECADE AGO under a subsidiary they set up called Navigator Powerboats. (Guess what? They are out of business too.)
10 years ago, and the talk about it on thier YouTube video like it was as recently as 1 year ago. Don't believe me? Watch the video again for yourself right here:
Are you saying LTDI did not built boats for Apache or Cigarette? What information do you know about this?
Posted by: G_Money
In reply to: Informer who wrote msg# 3941 Date:5/21/2008 4:15:38 PM
Post #of 3944
why so cuaght up in the past?
besides, you should be informing us - it seems like you want us to inform you-lol
LTDI built boats for Apache? When was this?
Does anyone have information on what work LTDI has done recently for Apache? Or Cigarette?
Surely there must be information on this. It is on thier website. It is in thier PR. I just saw it on thier Youtube video interview.
When was this? What boats did they build? Does anyone know?
Was hoping someone here would know. There seems to be alot of knowledge about this company. So nobody knows when/what they did for Cigarette?
Posted by: amrca
In reply to: Informer who wrote msg# 3857 Date:5/21/2008 1:51:45 PM
Post #of 3862
call the company and ask .,.. u know how to use a phone dont ya...little buddy
Try going to thier website for starters.
So does anyone have any idea when LTDI built boats for them? I mean, it is right there on thier website. And they say it in thier videos. And in thier press releases. When was this? What boats? Does anyone here know?
Anyone?
Posted by: Informer
In reply to: None Date:5/21/2008 10:17:07 AM
Post #of 3838
LTDI built boats for Cigarette? When?
That is very prestigious company that does not outsource even thier stitching, as far as I knew. Anyone know when the last time LTDI did something for them? It's on thier website and in thier PR, but no detail. Does anyone on here know?
Agreed, but somehow I get the feeling anything other than sunshine on this stock does not fair well with the majority of the crowd here.
Posted by: puffyk
In reply to: BeauBeau who wrote msg# 3762 Date:5/21/2008 10:21:28 AM
Post #of 3765
They make boats and they are nice , but they do it at the shareholders expense. Like I said, money to be made, just play it right
LTDI built boats for Cigarette? When?
That is very prestigious company that does not outsource even thier stitching, as far as I knew. Anyone know when the last time LTDI did something for them? It's on thier website and in thier PR, but no detail. Does anyone on here know?