Geezer's Lounge (Rev 1) - Volume 6

[Philip]

You would think they would be in the black.

[Jim Donovan]

Good Evening Folks;

Besides modeling I do a fair amount of stock research and investing. I took some time tonight to pull up Kader's numbers. Keep in mind this is a Hong Kong based business running under China law and frankly their financial reporting is shall we say 'loose'. The company's profit margins are in line for a business of this type but their operating expenses completely overwhelm the gross profits. Their detail breakdown of what these expenses are leave a lot to be desired but they took a jump a couple of years ago, no reason I can see why. The firm has been losing money for past four years but was at one time very profitable. The stock itself is a penny stock trading under .20 HK dollar at this point. So what is going on? Very hard to say. They had enough cash on hand to operate for about 6 months in their December report but they are still going so new funding must have been found or they have cut costs dramatically. Bachmann is a division and I saw no report on them in my quick review.

Jim

[Philip]

Bachman has released the On30 3bay hopper in 2026. See train world.

The new On30 Heisler was another low preorder and never released.   

The 2-8-0 low preorders, which they asked distribution to handle.
Nobody buys On30 direct from Bachmann or shops.

I wish I would have bought every On30 model Ray Cozza had for sale. I'd be in the islands with my toes in the sand. Average Porters were 35 bucks. They fetch a lot now and are solid runners.

I do remember Bachmann complaining about those tariffs 2025 (on the Heisler) 
A huge loss for the On30 crowd.     

[Philip]

One day I'll get this 1st edition boat and fisherman finished. Proto in the making. Hunkered down and away from social media. It still needs the oars and they are difficult to cast. Pictured is the 1st rendering. The fourth boat is much larger.
Philip