Guess when Frank said this:
<<Fortunately, we expect the new Cyclone to be
available for use within the next 60-90 days.
This will be a great way to launch what we
anticipate to be one of Franklin's all time best
selling product lines!>>
This was said in January of last year ! For the year ended June 30, 1997, the company had revenues of $ 1.7 million. For the first two quarters since their year ended on June 30, they only had sales of about $ 530,000 !
I guess the Cyclone sales didn't do much for overall revenues. When looking for future performance, look at past performance. What will the Tempest do for overall revenues?
Again, to compare past company performance with their statemnts, you would have to have gone to the following links:
President's message dated Jan 1997:
valuespec.com
To compare performance with projections, you would have had to go to the Past Earnings Report link:
valuespec.com
Now the company says we should wait 90-120 days to see how the Tempest is selling? They started demos on Dec 5, 1997. We'll see how they are selling by June 30, 1998 and hold them accountable.
Of course, since the cyclone didn't produce great revenues, what should you really expect from the Tempest in 120 days? Maybe its different this time. Who knows? We'll all track FTEL's progress together and see how they do by the June 30, 1998, quarter.
Maybe, in protest, everyone can sell their shares the week those results are given if they fail to produce the expected results by then :o)
CFO's message containing the 90-120 day trial period prediction:
valuespec.com
VALUESPEC |
