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I wouldn't expect a hand picked Chairman to provide much oversight.
I agree. I would also like Brad and Cory to be held responsible for their actions.
I am sure the lawsuits are coming. It really is disgusting the disregard they have for the shareholders. I know many believe that Mr. Frost is our savior here, but do you really believe that these guys would be running this company if he were paying attention?
I would like to wager on that "Expert". The only thing that has been consistent about MSLP is excessive executive compensation. Why would it stop now? Do some research. They have been repeating the same pattern for six years. Why would they stop now? Easy answer, they won't. It is not a strategy it is simply who they are...bad, greedy meatheads.
Unfortunately HD we have been stuck in a bad movie. I hope that I am wrong, but I expect the Q4 results to be disappointing. Good sales but more losses and dilution. This time the excuse will be the cost of launching the drinks.
Why didn't they issue the January update as promised in the Q3 call? The market is pretty simple IMO. Say what you are going to do...then do it. Repeat. Confidence, consistency and predictability are good.
Based on what evidence?
You have got to be kidding me!
Please explain your justification for the most recent grant to Brad and the others?
Can Frost really oust Brad? It seems like he has given himself so many shares that his control is almost guaranteed.
I agree and this is a very important point. Dilution to simply enrich the executives won't fly with institutions. Retail is not enough to drive the price and the big boys won't put up with that crap. All in my opinion.
They are spending your money (through dilution) to "make money". As a result, revenues go up and your investment goes nowhere (unless you are an executive insider who gets shares given to them on a regular basis regardless of performance).
They have been diluting shareholders for five years. If you were them why would you think that it's not sustainable?
Just out of curiosity, your opinion is based on what specific data? Do you have any experience with institutional investors?
Come on guys. You really believe that message boards make a difference? Would admitting that they don't make your lives less meaningful?
A message board is not the place that an institutional investor would go for customer opinions. They actually survey customers for this stuff.
The fact of the matter is that institutions drive the volume for most stocks. There is data on stuff like this. I am not guessing.
In my experience institutions care much more about facts and fundamentals than message board opinions. Sales, margins, management, etc. You think message boards mean anything? Really?
First of all, I have much better things to do than spread "misinformation". I am simply passing along what I saw on Thompson. A form 144 was filed. Also, you really need to be an ignoramus to think that information posted on a board like this has any long term impact on a company. I am long. Get a life.
So you are calling me a liar?
Edgar has a pretty good database of corporate filings.
I have no clue. If it were me and I knew that I was going to get $1 million in shares every year then I would periodically cash some out. It is his right and the smart thing to do.
Report on Thompson Reuters today that Cory is selling 63k shares.
LC - my concern is institutional support. There is absolutely no way this stock can sniff the $20's without the big boys IMO. I can't see an institution wanting anything to do with this given their history of diluting to line the executives pockets. 12% of the company was reallocated from the shareholders to the execs this week alone. It happens every year.
You should go back to 2010 and do the split adjusted math. At that time they had 30 million shares. Four years later...11.475 BILLION.
Do the math. The guy was bankrupt in 2008. Add his excessive comp over the past five years. You can't get to $6.5 MM after tax. I fear that this is a bonus.
They are buying back shares and diluting at the same time?
Could the margins be impacted by the cost of the product launches without the revenue being recognized in the quarter? If that is the case then they should improve in Q4.
LC - you site a couple of individual examples but I don't think many in the investing public invest based upon message board content. IMO.
I think that dilution is like a drug for some companies. Once they get used to it, it's hard to stop.
I agree. There is nothing wrong with having a critical view of your investments. I find it hard to believe that message boards have any influence on a company's stock price.
Any idea how the margins are at Walmart? Is this a decent margin sale (in your opinion) for MSLP or just good for brand exposure?
Before the faithful get their flame guns out, it's just a question out of curiosity. Walmart has a lot leverage and has been known to squeeze small manufacturers.
They are all at the compensation trough. The numbers aren't in the ballpark of appropriate for a company their size. The problem is that with each new hire, they want to get their turn...
Problem number two...I have a tough time trusting anyone on this leadership team. We simply have been burned too many times. Remember Blutto the savior? As a result, I need a bigger body of work before I buy into the rhetoric.
I am long MSLP. My objective is not to bash or create concern. Simply pass along what I pick up in my research and let people make a well informed decision. I am uncomfortable with the entire executive team but still long.
My information is all from public sources. I don't know if you are a successful investor or not, but research helps. You should try it. 90% of a company is the people. It is worth knowing who you are in bed with.
How is that bashing? Do you think the CFO gig for a company this size should be a full time position? Do you think an individuals past should have any bearing on their reputation?
I think that most shareholders would want their CFO to be focused on one company. It should be a full time job.
His past is very checkered btw. Is am sure that his experience as a strip club CFO from 2002 to 2008 comes in handy.
You may also want to look into actual board compensation compared to any size company. With stock I am pretty sure that the board compensation has been off the charts and inconsistent with what filed documents said that they would be.
I must admit that they have been pretty smart with their new product offerings. Bars and RTD are pretty crowded segments. Rolling out me too products would be a waste of time IMO. Having an angle gives them a chance to gain shelf space and build share.
Pretty accurate IMO. Good products, good strategy, poor execution with a heavy dose of greed. I expect the stock to do pretty well moving forward but not as good as it could do without the three piggies.
I've been since 2009.
I think that MSLP would be a good purchase for several companies. Heck I would buy it if I had a couple hundred million burning a hole in my pocket. My guess is that two things are holding them back. One is the SEC investigation. A buyer would likely be liable for any financial penalties. Two, I just don't see Brad and Cory selling. This is their toy, their ATM and their identity. Without this there isn't much to their lives. Hopefully Brad will fall in love with coaching high school football and let this company fly.
All IMO.
Really? Try Google. Clearly some work but many don't...including the multi vitamin which has been completely discredited.