Not only was it clear enough in the body
of the press release, but it's often not
a good thing to open up a manufacturing
facility to build your own products --
unless you enjoy delays and stock
dilution. I hear that Now Auto doesn't
manufacture the cars they sell either.
I think they took the best approach.
That is starting by distributing products
made by others. That way they start
building up clients and sales quickly
without have to go into debt or dilute
the heck out of the stock to hire
engineers and open a manufacturing facility.
Of course, with hiring engineering and
manufacturing your own product often
comes with long delays. I'm sure most
who have invested in small companies
have at one time or another invested
in a small company that had endless
delays or dilution or debt that came
along with designing or manufacturing
products.
Then, instead of hiring a huge sales
force, they appear to be focusing on
using distributors with knowledge or
connections in certain markets. I
think this is a more effective way
to build market share and get your
name out quickly without the overhead
of a salesforce.
Now, they are creating strategic
partnerships that will give them much
more flexibility as to the GPS products
and software they sell.
Of course, their car businesses are
doing well and hopefully that will
continue so we have two possible ways
to create a $100 million company as
Miller has stated is his goal.
I am very happy with their business plan
so far. Can't be 100% sure it will work
out perfectly, but that's the nature
of all stocks.
BTW, I am very surprised we haven't had
a significant pull-back yet. Maybe that's
yet to come later this week.
T
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