InvestorsHub Logo
Followers 61
Posts 13510
Boards Moderated 2
Alias Born 01/13/2011

Re: stockhero post# 106388

Wednesday, 10/22/2014 12:34:36 PM

Wednesday, October 22, 2014 12:34:36 PM

Post# of 136043
Of course you know that adding to inventory alone does not equal higher sales. I'm wondering why the inventory balance is so high.

The inventory of $600k represents enough inventory for $2M worth of sales. It tells me that they're actually buying too much inventory for the amount of sales coming in. I wonder how much of the inventory is non-saleable.

I know the clothing industry is hard, as you have to have lots of different styles to make everyone happy, but this company is not exactly in the cash position to do so on a consistent basis.

I still think this company is dying a slow death. I hope I'm wrong, but I just don't see management learning from their many mistakes of the past.


All posts are my own opinion and should not be construed as a suggestion to anyone. Trade at your own risk, and I'll trade at mine. Have a great day!