1.On a new car the dealer pays the freight. This was a package
deal for multiple used vehicles which were paid for in cash by
Naples Motorsports. I do not think they paid for the freight.
They drive a really hard negotiation.
2. Saleen sells 3 trim levels for 3 difference base prices,
but the price versus cost on the least expensive level
(White Label) is much closer than the highest priced level.
Lower Margin on the White Label vrs the Black Label.
The base Vehicle is over $30K (depending on the features)
so how much can Saleen possibly make on a $39,950 Sticker
Price?
3. I doubt that Saleen is buying even 10 at a time and putting 8
on the shelf. He does not have the cash to afford it.
4. Saleen is not building very many cars. The sales from Q4 were a
little more than $1M. Divide by $50K per vehicle and that
would be 20 cars. Except some of his sales were for clothing
aftermarket and promotional items and some of his cars cost
more than $50K, so he probably sold 12 to 15 cars max.
I do not believe the TESLA story and where does he find the
cash to engineer and build all new body kits for the 2015
model change? You can only spend a dollar once.
Bottom line, which Saleen are you referring to? There have been periods of years between this Saleen Automotive and the old Saleen when very few cars were produced. Saleen is charging less for the cars now than he did in 2005-2007? Steve does not know how to make money. Today's gains are great, but tomorrow is another day. Until the fundamental's improve this stock is a ticking time bomb. The stock could jump to 40 cents by Thursday on emotion & hype and then go zero if Saleen declares bankruptcy on Friday.
These comments are my opinion. Invest based on your own research and conclusions.
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