OTCPK:SPLID - Post by User
Comment by
old_dogon Mar 19, 2021 10:39am
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Post# 32837374
RE:Not sure what we got with Palo
RE:Not sure what we got with PaloWhen I was a young man there were two type of companies that were DOOMED to FAIL......Donut shops where you went just to eat the donuts and drink some coffee.....and gyms where you lifted weights and used all the other types of equipment. I can't tell you how often you'd see really good equipment up for auction......
Today that's all changed...you can't go 2 blocks without a donut shop and on the other corner a gym to help you remove the donut you ate last week. Somewhere between the time of "It's going to go bankrupt to can I have a franchise please" there was a point of change. As it stands right now I believe we are at the point of change for this industry. Laws are being changed, attitudes are changing and a willingness to try the EVIL products are changing. Lets remember one thing Just because a company is lossing money in one set of hands doesn't mean it can't make money in another. That might sound contradictory at first but managment styles can make a big difference.
We also may not see the synergy that management sees. For example there was a company "Acme" if I remember correctly and the CEO of that company used to hunt for the worst of the worst and then he'd look at their methods, product, and structure. Then he'd have Acme buy them out and then he'd go to work. He made the company a fortune in his ability to turn small companies into gold mines. From an outsider it would be a no brainer..RUN...RUN AS FAST AS YOU CAN IN THE OTHER DIRECTION...Not to him. The problems the better and if you think about it, it makes perfect sense. We all want the perfect company that makes money. Heck we all want the perfect everything but when we see something that is not perfect we run the other way. In most cases it takes a person with vision to get off their high horse and do some real work, get down on the shop floor to talk to the people and find out what's going on and understanding that the people on the floor have been telling previous mangement for years that things were wrong or how to do it. Or it could be new mangement looking at something and saying "lets do it this way for a change" and voila that one change makes big savings. New management might be able to negotiate better rates for rent, wholesale cost or reduce inventory cost by going with "Just in time delivery" at rates that equalled that once a year buy that needed extra storage space and rental cost.
Either way you look at it the company is under newer management and they seem to be turning the company around and this is one of the pieces they have added to the mix as part of the company and their vision. So they have a reason for it!!!!!
old_dog