Oh I came back and saw all these lovely comments directed at me! I haven’t been on here for a while because I was overseas due to work commitments. OK, let’s get things rolling again before I leave soon….
Something to consider….according to BUBS, their products are apparently available in “over 5,800 physical stores in addition to e-commerce channels”. OK, let’s take that at face value, over 5,800 stores plus online such as Amazon…..
Let’s take a closer look at their “weekly USA revenue and tins sold” chart. At first glance, it looks reasonably good. Take a closer look. The last week they sold 24K tins. Now divide that by the 5,800 stores. You get 4.13 tins sold per store, per week. That’s their peak sales.
Let’s get back to the chart. The last several weeks, approximately the last third of the chart, sales hovered around 18K-20K tins sold. That’s 3.1 to 3.44 tins sold per store. And I’m not even including Amazon in this calculation. And everyone is getting excited at these figures? Am I missing something?
BUBS produces between 11K-12K tins per shift. So, at their peak of 24K tins sold per week, it’s only 2 shifts of production.
Listen, I’m not trying to bash BUBS. I’m simply crunching numbers and it’s not adding up. If you guys think it’s a great investment, by all means, spend your hard earned cash on these shares. I can smell another CR coming, and it’s coming soon.
They are currently planning on expanding into a neighbouring country to the good ol’ USA. You heard it here first. But then again, what do I know…..apparently I’m a low level ex factory worker who got fired for whatever reason…..
And the reason Reg is buying shares? To convince you guys that all’s good in Bubsland. And you guys are falling for it. It’s a token gesture for him….why would he buy shares when he gets given shares as bonuses and perks? To try to increase the stock price before the inevitable CR is announced.
Anyway, I’d love to see what comments you guys say now. Hurry up, I’m leaving next week again! lol
BUB Price at posting:
13.0¢ Sentiment: Hold Disclosure: Held
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