It seems that this company is over price for what it really is. They are flocking their sellers 10% fee... $100+ million in sales and they are only generating $30K profit...
These guys have options to exercise their price strike at $1.50 for 5 years... Rewarding their employees 0.20 cents a share... Seems unreasonable TBH while us investor's get shafted once again. It's great that they have mention their competitors names but never mentioned how they will compete against them... Marketplace is great, but you have got Amazon and eBay which are the two big giants. The market place is all over the place, having a few hundred sellers trying to list the same product with prices all over the place... It's not really unified but really messy IMO.
If MYD owned it's own inventory than I would purchase this stock, unless they are going to re-label and brand there products. Unless MYD get's into drop shipping like T&W then we might see some sort of shift in this business...
Why would some one shop on MYD when there's Amazon, eBay, KGN, TPW which offer cheaper prices + coupon stacking ? Heck some of the stuff on MYD are just over price, some items are cheaper to purchase in Brick and Mortars.
I love eCommerce but this one I am out... Perhaps if the SP drop's to 50 cents...
It seems that this company is over price for what it really is....
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