Capstone Companies Inc (CAPC)

[greasemonkeyshoes]

part of the smart mirror marketing pr was......
add value and enhance/supplement users indoor exercise experience,covid 19 should have helped,not hampered.
optimist:
ok with 80% revenue drop due to covid 19:then you should buy truck load at these cheap prices.
pessimist:
a dud,self-inflicted has nothing to do with covid19:wait until price dropped to 3-4c in october.
my argument:
capc smart mirror is a dud.covid 19 increased number of people exercise at home and the demand of indoor/outdoor equipment skyrocketed,and capc smart mirrors smashed into the wall with lack of sale/revenue!

"home-friendly environment is increasing the demand for home fitness equipment as the customers are keen to exercise daily."
https://www.prnewswire.com/news-releases/home-fitness-equipment-market---growth-trends-and-forecast-2020---2025-301069056.html

"Bike sales booming amid COVID-19 pandemic, stores struggle to maintain supply"
https://www.ketv.com/article/bike-sales-booming-amid-covid-19-pandemic-stores-struggle-to-maintain-supply/32589397

reality check:
when you lose $1 million per q,how much time do you have left to "right" the company??