Singing Machine Company Inc (MICS)

[rado]

I listened to it, not super closely, but I didn't hear anything that stood out to me. I noticed one analyst was baffled how they could increase revenues >90% and still not earn anything, but it was all those one-time charges plus inflated prices. Bernardo seemed to suggest that Sam's was the customer that accelerated their orders. Also they said something about Target, but said something vague about issues with supply of their other products. At my local Target last time I checked there were no singing machines and only a few microphones, everything else was empty on that set of shelves. They have a lot of inventory right now and on a previous call they said it was recent inventory, so I think they have the product to give to the stores.

Nice to see NILE is still buying.