Mission Clarity (on the horizon?)I was interested in Pandora's comments on the confused mission of Route1. And so I read their current quarter MD&A as well as their news releases, forgetting what I had read 2 years ago.
With the current purchases of conpanies like Spyrus I see opportunism in the wake of covid19.
With the chip shortage I see some barriers and some hoarding by route1 which brings me to conclude that part of the shortage issue may be hoarding by many companies.
I see a decrease in sales commission expense which they explained as a change of commission metrics but it may also mean decrease in sales.
With the new hire of a Chief Tech Officer I see route1 addressing the issue that is apparent to all of us which may be called Mission Confusion.
Their "core business" has become a "list of things" such as:
Data security
Hardware ruggedness
Hardware security
IOT security
License Plate recognition
AI
All of these items may be important and lucrative but don't present a mission. They may decide to wait, throw them all against the proverbial wall to see which stick.
Or, maybe the new CTO will develop a new vision statement, mission statement and ride that horse into an Arizona success. I hope to see that this is done and a new company vision presented either formally or through consistently focused communication in the new year.
I took the loss on this more than a month ago and I am back again at this current price point.
So, I am refreshed and optimistic, but still waiting for mission clarity.
cleareye.