Post by
cleareye on Dec 08, 2021 10:13am
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.
Comment by
Pandora on Dec 08, 2021 3:55pm
In a nice setting such as Scottsdale is, can it be said that a meeting of the minds accomplished nothing other than the usual AGM agenda items? Did they possibly discuss the hits and misses of the company over a cold beer or two or did they just close the meeting and everybody went on their way? Until next year!
Comment by
Pandora on Dec 08, 2021 4:44pm
A little 'humour' from another board: The stock markets are totally about "what are you doing for me NOW" and "what WILL you do for me in the future?" Here's the Amgen chart for perspective: AMGN 212.25 0.93 0.44 : Amgen Inc. - Yahoo Finance
Comment by
Pandora on Dec 13, 2021 10:55am
Not sure if it's the same person (maybe Flubber :-)) but we still get that small 1K or 2K buy every morning to start the day. If it's the same person he/she must have accumulated a truckload by now. $300 to $500 bucks a day for a number of years?? Faithful personified! (and good cash flow!)
Comment by
Odinson on Dec 14, 2021 3:16pm
Maybe someone is stocking up on azz wipe! This stuff is cheaper than bargain brand!