No one is happy about the way the stock has traded lately, but then again, neither are shareholders in half the large caps, either.
I AM VERY encouraged to see how Mr. Feintech is adapting to the specific food market for SMKY. He is willing to attempt a marketing strategy - and then he is willing to adapt that strategy accordingly to the feedback he receives about that attempt.
If you want to see a failed business model, look at EK, once a stalwart in their field, but they refused to adapt to an ever-changing market and now has filed for bankruptcy.
I don't look at Weight Watchers, Groupon or any of the other very recent attempts to enter the retail food market in a negative way. He has learned from EVERY FOOD OUTLET (what we have already known) the food product is fantastic and EVERYONE loves it.
Confirmation from profitable distributors that the product is tremendous is very encouraging to me! Now, steps are being made to slash the overhead to make a fantastic product more viable AND obtain another business with good revenues, which will also increase profits.
It's only JAN 2012 - look how far and what progress has been made since OCT, only 3 months ago! This CEO is NOT indecisive, reckless or haphazard, but is rapidly adapting his tremendous product to make it viable and profitable.
Furthermore, he is consistently pursuing a route of financing which provides the best value for the shareholders - not tossing around tens of millions of shares at his slightest whim.
I am very encouraged here in the progress SMKY has made and is making.
All The Best
