RE: RE: RE: ''Passenger Vlodinger report to gate #If I follow your logic, I would conclude RH would have turfed Marti long ago. Instead they rewarded him with quadrupling his options loot .
Interesting.
It is obvious to me that there is a lot going on behind the scene right now. They increased sales nicely, but the exchange rate kills them (they are not the only ones to suffer this in Canada) and IEC both does not have to worry about that and have quite an inroad already in the rich military segment.
The way I see it is that to achieve their revenue targets by 2011-12 they need to at least double their sales in 2-3 years. Doable but they are still behind pace. A few contracts at $10M+/annum would bring them within range in a jif.
Of course an M&A can be a catalyst as well with incremental revs...but we shareholders would pay a steep price for this given that they have no cash to spare to buy anything but supplies to deliver products.
Now on the exchange issue...the US has vested interest in a weak dollar for years to come in order to rebuild their economy. Weak US $ means cheaper US goods and services and higher oil prices, and higher oil prices hurt China and other offshore traders with the US. There could be a day in the not too distant future whereby manufacturing jobs actually come back to North America (or at least closer to the US). But not now. Adeptron is well equipped to thrive in the smaller /fragmented niche oriented markets. Their links with China gives them the buffer for larger volumes if need be. The only way to fix the exchange problem at this point, short of moving all operations to the US (don't think it's on their radar but an M&A would likely increase their presence in the US)..is to increase both sales and margins. They proved they can increase sales in a tightening market...now the challenge is to more substantially increase them in a somewhat more stable or expanding economy.
Just my 2 cents.
(and I still wonder why passenger Vlodinger is still not listed onboard!!)