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Fins are filed.
http://biz.yahoo.com/e/150430/nakd10-k.html
(NAKD .105) Tick-tock. Looking forward to annual fins.
I don't think they'd bother selling those until they're in the money at 12.8 and, mostly, .15. Would take about a year at avg 200k daily volume.
They need to blow out growth expectations and need to strike a deal with the warrant holders for this to go anywhere. If they get enough momentum, they'll prob have the leverage to do that. Question is, will they be able to grow enough while the new mgmt is strongly incentivized to keep the momentum and strike that deal. That's what anybody who holds this is betting on right now.
One day, we may wake up to a PR about a debt restructuring or swap. If that happens, we'll move right up to whatever the strike is, if any.
Well, they have like 50-60mm in warrants at 12.8+ cents. There aren't nearly as many this low. There's no reason they'd convert at a loss, right?
What was his response?
Great! They need to have a serious talk with their backers about the conversions.
Sent you a PM, can respond to me here, if want. For me, if the 2015 fiscal fins show a 5-10x multiple over last year's revs (of sub-$200k), then this has to move up. If it gets crushed back down, I will sell the spike, buy back at base, and just hold until 2016. I expect big things here and the conversions will run out eventually.
HEY NAKD MANAGEMENT! GET A HANDLE ON YOUR WARRANT CONVERSIONS!
:)
Maybe they read this message board.
Look at this... 40k block just through at .105 ask, but the ask was a 200k-share wall. No wonder they stopped issuing news. What's the point when the company can't control the warrant conversions. How incredibly frustrating.
Hochman: "Naked has cut $3.5 million worth of product this year, but she expects to double the business in 2016."
Some Press: Hochman Sets Out to Revamp Naked
by ARIA HUGHES in April 23 Men's Week
NAKED IS GEARING UP for growth. With help from intimates veteran Carole Hochman, who joined the company as chief executive officer and chief creative officer last year, and marketing firm Case Study Brands, the men’s underwear and loungewear label is updating its assortment, logo, marketing, packaging and e-commerce site.
Hochman, who met Naked’s founder Joel Primus through her son, is no stranger to developing brands. She spent more than 30 years heading up the Carole Hochman Design Group, which produced Hochman’s line of sleepwear and handled the innerwear licenses for designers including Oscar de la Renta, Christian Dior and Betsey Johnson. Intimate apparel giant Komar purchased Hochman’s company in 2010 and she resigned in 2013.
“Once you sell your company, it’s not the best place to be,” Hochman said. “This is like my second act.”
Hochman’s main focus at Naked is to attract new customers. She’s attempting to do this by updating Naked’s collection to include new styles of underwear, sleepwear and loungewear and bring the prices down. Using her connections in sourcing and manufacturing, the price range for a pair of underwear has dropped to $28 to $38 from $44 to $46.
The new men’s collection designed by Hochman was delivered to Holt Renfrew, Nordstrom and The Hudson’s Bay Co. last month. The line, which is made from cotton and cotton blends, includes four collections of underwear — Signature, Active, Luxury and Essential — that come in three silhouettes — boxer brief, brief and trunk. The Essential and Signature collections also include a crew and V-neck T-shirt.
There is also Naked Silver, the top-of- the-line collection that contains thread that has been bonded with silver to prevent odor- causing bacteria, and Naked Tencel, a line made with Tencel.
"You can change a guy's life with the right product," Primus said.
On the branding side, Connecticut-based Case Study Brands has elevated the packaging and logo to line up with Naked’s understated product offering and make it easy for shoppers to identify the brand and how it’s different from other men’s underwear on the market.
The new logo is sleek with a transparent “e,” and the updated packaging features boxes with an open flap so customers can feel the product. The boxes are colored by product style and showcase Naked Truths, or brand philosophies, such as, “If you run a race, will your underwear be able to keep up? You’d hate to leave them at the starting line. That might be a bit embarrassing. Get Naked.”
“With Naked, we want it to be about you,” Primus said. “It’s anti-Victoria’s Secret. It’s against the grain of highly sexualized product.”
The campaign, which launches on Naked’s social media platforms in mid-May, is titled “Collect Experiences, Not Possessions,” and will highlight a new role model every three weeks. The first is Arjay Smith, a former child actor who was recently in the final season of the popular FX Series “Sons of Anarchy,” and produces music. Customers will be encouraged to participate in the campaign by sharing their role models on social media.
Primus, a former elite runner who lost his athletic scholarship due to a ruptured Achilles, was hiking through Peru when he thought of the idea for Naked. He bought a pair of cotton underwear but wasn’t happy with its performance. “I wanted to wear something that was luxurious but functional,” he said.
The Vancouver native then appeared on the “Dragons’ Den,” Canada’s answer to “Shark Tank,” in 2010, and a panelist offered him $75,000 for his business. He declined the offer, but his participation on the show piqued investors’ interest and he raised $140,000 before Holt Renfrew picked up the product in 2010. Nordstrom was another early partner and added the line in 2012. Naked has also been sold in Hudson’s Bay since 2014.
Primus moved the brand’s operations from Vancouver to New York City last year, and Naked currently shares office space with Tellas, the U.S. subsidiary of China-based manufacturer Luen Thai, and TMS, which manufactures Naked’s product.
According to Hochman, Naked has cut $3.5 million worth of product this year, but she expects to double the business in 2016. Hochman also foresees Naked becoming a full lifestyle brand. She’s planning to add a women’s collection for fall and envisions the line one day expanding into home goods as well.
Hochman is hoping that the Naked female customer will help expand the brand’s male customer base by educating them about the product. “The majority of men just don’t have an idea. Women buy their underwear,” Hochman said. “Wearing a no-support cotton boxer brief is like women wearing the wrong-size bra. Men can feel better than they do.”
Expecting them mid-Apr. So, like, tomorrow. Hehe. I'm expecting 2015 will be the big year... so, 2014 annuals prob stronger, but still not primetime.
Looking forward to Q1 financials release very soon. Wish the damn conversions would stop, but looks like somebody wants a floor here at .10 with that massive bid.
(NAKD .102) Spread is now 100,000@.10 x 5000@.102
Biggest bid I've seen.
Makes sense.
Anybody else still in this?
Yeah, still looked like a lot of retail selling. Too bad.
(NAKD .1151) Looks like emotional retail selling today. Somebody lost patience. Bid/ask is now .115/.1449 -- which is about a 25% spread!
Looks good to get there this week. There's prob the expected 20k ask up hiding at .15 right now.
(NAKD .145) News: Naked Strengthens Global Growth Plans with European Trademark Protection
http://ih.advfn.com/p.php?pid=nmona&article=65805087&symbol=NAKD
Two thoughts:
1. They're committed to a regular weekly news cycle.
2. They're basically making the growth path painstakingly obvious.
Now, will the products actually sell? 2014 financials will only be a hint at that. This year, 2015, is the year they need to prove it. Wondering how the stock will grow on speculation over the coming months.
(NAKD .15) Strong bid, 25k x 30k. Should continue north, imo. MM likes to sell 20k lot at ask once per day. Dilution? Yup, but not extensive so far.
(NAKD .14) Yeah, this could be start of up-trend here, at long last. Glad to see the interest building for this gem.
Another 20k on ask. They going to let it run ever?! Grrr...
Trading very nicely today. Up-trending daily volume tells me that there is definitely growing interest here. Accum line on the daily chart continues upward. We and some others are definitely buying and holding for a big move this year.
Exactly, I'm in the same place you are with this. It's obvious to anyone who does the reading that Carole is shaping up this ship for "sale". Looks like there's new retail interest here in the .10 area. Smells like people are catching on. But, it's so slow that you can basically bid-sit with profits from other trades as the play builds.
lol. Another way to interpret the "Hall of panty fame" being positioned into the NAKD advisory board is as writing on the wall regarding a future acquisition by Calvin Klein. The pieces are being put in place. Now, just need to prove success for the brand and CK will scoop them up.
NAKD had a two year deal with Daymond John in 2012. Given recent PRs regarding change of brand identity during this Carole Hochman era, I'd say he's no longer contributing. And, I'd say that's a good thing. The most important thing with this stock is Carole Hochman. Almost nothing else matters.
A bit of technical analysis...
The weekly chart suggests possibly coming off of a major support line for a double bottom as of last week. We have already traded through a descending resistance line and volume supports that. 50 week ma resistance at .17.
On the daily chart, 100 day ma resistance at .17. But, we are finally above the 50 dma, which is bullish, if can sustain.
On both charts, accumulation is up and holding, which suggests that buyers are taking position (albeit sloooooowly) and holding.
All in all, a move to .17 is def in the cards. Any close above .15 is massively bullish with regard to fundamentals and the mountain of warrants that are in the money north of at that price. Subsequent pullbacks to .12 before larger moves to .30 and above would be healthy and expected.
Look forward to watching it pan out.
Strong close on Friday! Let's see if it holds above the 50 dma, .12.
Looks like a market for this right here at .107-.11. Should be higher. 4.2mm market cap for a $1mm company with these prospects is low.
I just picked up 9k shares to round out my formerly odd amount.