Financial Statements Does anyone here read Coastal's financial statements?
I have been a shareholder on and off for years. Not much the last couple years. I think this company has a great product, great service, and great growth. My problem is that they are now at $200M in sales and have been at it for 10 years. Net profit is $0. Net operating cash flow is $0 when you back out how they are stretching out the payables more and more as they grow. Not unusual but it is only a temporary source of cash flow so the fact should not be ignored.
Share price has done pretty well, so there likely aren't that many complaints but at what point will the market stop ignoring the lack of profitable growth? What is the future of Coastal? Once they hit a more significant level, will one of the big eyewear companies buy them out or do they go on for another 10 years and just breakeven at $400M in sales?