A very good question and a very good reply by the
Post# of 2207
Posted On: 08/27/2013 10:08:22 AM
Re: lucyinthesky #1742
A very good question and a very good reply by the CEO.
Aimee Gaudet: Okay. This is actually a great question. It looks like it’s directed to the shareholders. “Many shareholders have held shares in the Company for several years and have seen many failures, but held onto their shares. It appeared a year or so ago that a corner was being turned, with a good third quarter in 2011, and it was profitable. Since then, there have been some downward quarters. Do you have some words of encouragement to pass along regarding the future of the Company and potential profitability?”
Stewart Wallach: I’d be happy to respond to that. Not to go back and tie up too much time for a history lesson, but the Company did have a very challenged history, and, frankly, this was inherited by the current Management team, headed by myself. When I took over in 2008, there was a lot of fixing required, it took us about a year-and-a-half to clean up, and then of course we also dealt with the recession in the U.S. I feel these things are all behind us now, and let me tell you what excites us when we look forward and how we monitor our own progress.
We’ve had three quarters of revenue growth that are a direct result of our domestic sales and distribution strategy—very important. This is a major step, a major investment, and we’re reaping the results. The advancement of our product portfolio, through product development and diversification, we’ve expanded the line considerably. We also have further strength in our relationships with the leading U.S. retailers, who have proven to be very receptive to the new products and the related rebranding of our program. We think the opportunity for exploiting our expertise in the sourcing of products throughout Asia and export/import logistics management will enhance our revenue potential, as well. We have invested in the sales potential. We expect to realize leverage, as the projects we are working on, such as the World Cup, come to fruition.
Granted, we have been up against a rather sluggish rate of U.S. economic growth, but we believe that our strategy will drive growth and create sustainable earnings power. I think it’s also a testament to the fact that myself and the Directors continue to provide financial support of the Company, and our holdings have not been diminished, either. We are very bullish on the Company and, as I said earlier, I think we’ll look back at 2013 and ’14 as substantial transition years for the Company.
Aimee Gaudet: Okay. This is actually a great question. It looks like it’s directed to the shareholders. “Many shareholders have held shares in the Company for several years and have seen many failures, but held onto their shares. It appeared a year or so ago that a corner was being turned, with a good third quarter in 2011, and it was profitable. Since then, there have been some downward quarters. Do you have some words of encouragement to pass along regarding the future of the Company and potential profitability?”
Stewart Wallach: I’d be happy to respond to that. Not to go back and tie up too much time for a history lesson, but the Company did have a very challenged history, and, frankly, this was inherited by the current Management team, headed by myself. When I took over in 2008, there was a lot of fixing required, it took us about a year-and-a-half to clean up, and then of course we also dealt with the recession in the U.S. I feel these things are all behind us now, and let me tell you what excites us when we look forward and how we monitor our own progress.
We’ve had three quarters of revenue growth that are a direct result of our domestic sales and distribution strategy—very important. This is a major step, a major investment, and we’re reaping the results. The advancement of our product portfolio, through product development and diversification, we’ve expanded the line considerably. We also have further strength in our relationships with the leading U.S. retailers, who have proven to be very receptive to the new products and the related rebranding of our program. We think the opportunity for exploiting our expertise in the sourcing of products throughout Asia and export/import logistics management will enhance our revenue potential, as well. We have invested in the sales potential. We expect to realize leverage, as the projects we are working on, such as the World Cup, come to fruition.
Granted, we have been up against a rather sluggish rate of U.S. economic growth, but we believe that our strategy will drive growth and create sustainable earnings power. I think it’s also a testament to the fact that myself and the Directors continue to provide financial support of the Company, and our holdings have not been diminished, either. We are very bullish on the Company and, as I said earlier, I think we’ll look back at 2013 and ’14 as substantial transition years for the Company.
(0)
(0)Capstone Companies Inc. (CAPC) Stock Research Links
Scroll down for more posts ▼