Say it ain't soMD I agree with the board when it comes to consumers wanting quality product, it doesn't matter what it is, automobile, sports equipment etc, a consumers gets what he/she pays for. no one denies Supreme has probably the strongest fundementals of all LP's in the industry, and best product.
But as an investor, making money is what counts, and in order to achieve that, a company requires the positive market reaction. To date Supreme has been unable to gather positive momentum independently, and has never been part of a true bullish run.
IMO I believe the next month or two is the perfect scenario for Supreme, the other LP's have failed to meet expections, and showing heavy loses, and if I'm correct with my calculations, Supreme could be the first company to show a profit in Q3, and hopefully they can double Q2, this would place them in the driver seat, as everyone would have a clear understanding what Q4 will bring to the table.
They have been methodical in their approach, I'm curious about their marketing strategy for the next eight weeks, oil market updates, Lesotho, Malta etc. I have never waivered from the fact that Q3 and Q4 will be key, I would like to see Supreme entering the summer months in a position of strength, meaning north of $3.00, this would prove to me the market would now be reacting to this company.
IMO it is now clear Supreme is not interested in a partnership with a large beverage company etc, institutional investors is the key, and they have to somehow attract them. If the company can show they can grow organically and not artificially, I like what I see at the moment.
Time will tell, still holding a small position, and keeping a close eye on this stock, as it has great potential.