sq225917 wrote: ↑Wed Jun 21, 2017 3:04 pm
he has been forced to leverage any value he had in BEST.
sq225917,
Thanks for your service to the kiteboarding community. I still quote you on a few things when I am asked certain questions. I hope some one starts paying you what you deserve.
As far as Best's current value, it could be zero. Best has had a declining market share, image, and internal issues since around 2012. That means that their potential sales for next year would be less than this year, and the following year less than next year. That puts the value of most companies in this situation solely in their current assets (land, buildings, patents, paid for stock on hand), as there is no potential for a return on investment. If the brand name is untarnished, some value can be assigned to it for sale. I would argue that is not the case given the current status of the company. If this guy is leveraging Best, he is leveraging some prime swamp land.
Please do not take this as bashing Best, but from an investors point of view, I am confident that I my assessment is accurate.
And again, this is why other kite companies are watching what is happening and making sure to avoid the mistakes of Best's marketing choices.