Monday, May 15, 2017 11:31:49 AM
I see a take charge management style, necessary BOD changes or additions, transparency, frequent updates, company plans that get followed through on, they pay a dividend to shareholders as opposed to paying neither a dividend nor attention to shareholders, and they are ahead of the curve, not always playing catch up and scratching their heads over such things as getting caught off guard by annual Holidays that affect manufacturing schedules.
And, with approx the same O/S, the Street awards a PPS and market cap 10 times that of IFON, while kicking Ram and his buffoonery to the curb.
If the Third World loves cell phones so much, perhaps they would pay just a smidge more per unit, IF these phones are actually so Very Kool. They're practically giving them away, and that looks to be next. That 5% gross profit margin is dangerously thin, and apparently getting thinner.
To date, has Infosonics been able to capture any follow-on sales, any add-on features, services, or products, or are these phone sales basically a one-and-done? Sale of a basic phone, maybe a generation or two behind the crowd, and poof! Gone. Back to the drawing board to reformulte the recipe because sales fell flat.
Rinse, repeat, repeat, rinse.....decade after decade of confusion at HQ.
There is a structural problem with leadership at IFON. Imo. IFON is a small fish in a stagnant pond, and they seem to be okay with that.
I welcome Joseph and Barney to prove me wrong on any and all counts.
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