tag:blogger.com,1999:blog-7294165939647321702.post5594182053928607529..comments2024-03-28T13:45:43.362-04:00Comments on <center><a href="http://www.barelkarsan.com">Barel Karsan - Value Investing</a></center>: Meade Gets RockedSaj Karsanhttp://www.blogger.com/profile/04493152766022812984noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-7294165939647321702.post-66018560219748999342011-12-16T06:16:41.396-05:002011-12-16T06:16:41.396-05:00"spectacular stellar year end savings". ..."spectacular stellar year end savings". "save over $399".<br /><br />Do they do this kind of desperate selling every year ? Usually when I see that kind of front page on a web site, I know that revenues are going to be bad.<br /><br />This looks like a dying business and a value trap.SBTradeshttps://www.blogger.com/profile/05733253279331854250noreply@blogger.comtag:blogger.com,1999:blog-7294165939647321702.post-34385219433829471472011-12-13T23:35:31.666-05:002011-12-13T23:35:31.666-05:00Hi Water,
I agree, you're right.
Hi Taylor,
...Hi Water,<br /><br />I agree, you're right.<br /><br />Hi Taylor,<br /><br />Total inventory is still lower than it was at this time last year. If there is a risk with finished goods inventory though, I agree with you that it's fully covered by the margin of safety.Saj Karsanhttps://www.blogger.com/profile/04493152766022812984noreply@blogger.comtag:blogger.com,1999:blog-7294165939647321702.post-5335619423075652552011-12-13T16:46:05.668-05:002011-12-13T16:46:05.668-05:00Saj,
What is your opinion on their inventory sit...Saj, <br /><br />What is your opinion on their inventory situation? At 6 mos. ended August 2011, sales fell by 18% from the prior year period, while finished goods inventory increased by 44% over the same period. This contrasts with a 6.5% increase in sales from Aug. 2009 (6 mos. ended) to the same period in 2010, while finished goods fell by 27.5% over that period. Is this cause for concern? It seems as though the margin of safety may be large enough to offset potential risks here.Taylornoreply@blogger.comtag:blogger.com,1999:blog-7294165939647321702.post-28624454584716862902011-12-13T14:29:45.739-05:002011-12-13T14:29:45.739-05:00I don't think you can make the connection that...I don't think you can make the connection that Paul Sonkin thinks it's cheap too because he owns 15%. He's owned it for years and years. I presume he bought it because he thought it was cheap but his cost basis is likely much, much higher. A casual glance of this post would make the reader leap to the conclusion that Sonkin bought it down here. It shouldn't be construed as proof that it's cheap.Water Investorhttps://www.blogger.com/profile/03809143441080691135noreply@blogger.comtag:blogger.com,1999:blog-7294165939647321702.post-61122170155434692982011-12-13T14:01:17.674-05:002011-12-13T14:01:17.674-05:00fully agree.
Its difficult to figure out how much...fully agree.<br /><br />Its difficult to figure out how much they will make this year, but if you do a little bit of online scuttlebutting, you easily track that they have launched a number of high end telescopes which have gotten excellent reviews. Whether they will be a commercial succes remains to be seen but, I guess the holiday season will tell..<br /><br />Long MeadeFlorisnoreply@blogger.com