RE:Hexo is becoming a train wreck..RetailInvestor9 wrote: ..being lead by a blind CEO (SSL the clown!). Course correction seems almost impossible. A new CEO with different strategy and some difficult decisions coupled with shareholder dilution seems to be the only way out... For all those who believe increased revenues/market share is the answer to everything, you need to look no further than Zena (a company that was all about increased capacity, revenue and ultimately bankruptcy!)...do your research instead of listening to pumptards on this board.. glta
It is all about increasing revenue and getting market shares but it doesn't mean to increase the capacity. They also need to rationalize and become more efficient but revenue is the key. They already over produced and had to close a facility. There are a lot of competitor and I mean a lot, not only the public companies.
Fact, just fact... this doesn't look good below. What is to be expected at the next quarter result since the competition will be stiffer. - Total net sales increased 2% year over year.<<<<<<<<<<<<
- Total net sales declined $10.2M from the previous quarter.
While the net sales timidly improved by 2% YOY, they generated $10.2M less.