It is apparent they are absolutely becoming more and more desperate in their attempt to gain the largest market share in Canada. This is not part of any successful company's business model in history. It's just a matter of time folks.
It is apparent they are absolutely becoming more and more desperate in their attempt to gain the largest market share in Canada. This is not part of any successful company's business model in history. It's just a matter of time folks.
I am sure the regulators would like everyone to believe that. It would stop their embarrassment.
However, they have been going strong for 14 years now. Why would their long term institutional investors pull out now ?
Have you read the terms of the "try before you buy" ?
'Investors' actually make money on their investment, they're more 'donors or suckers', rather than investors.Originally Posted by idispense
Yes I did read the fine print. Terms are pretty simple and fair. The fact they are willing to make up any lens with any coating and risk it all is an act of desperation, not an act of genius marketing.
How long does the "try before you buy" give the patient to try before buying ?
How much of the stock is held by institutional investors?
I've got to think that this move will bite them in the *** in the next couple of quarters.
They are increasing their costs without increasing the selling price (they will lose more $$$ per pair sold).
Their losses should accelerate.
Regards,
Golfnorth
Stock price is rising, closed at 10.20 yesterday. R.O.I. has increased for institutional investors ( might want to see who they are)
NEWS:
- announced revolutionary approach to home trial program
- announced teaming up with Dreamworks Animation for eyewear inspired by Mr Peabody
- announced proprietary eyeglasses compatible with wearable technology
NEWS:
- announced revolutionary approach to home trial program <<revolutionary?? LOL, wow big deal, it's a refresh of their failed trial frames at home program with even higher losses built on a hope and prayer that people actually won't return them!>>
- announced teaming up with Dreamworks Animation for eyewear inspired by Mr Peabody <<unless you're over 50, who the hell is that and what marketing power/draw will that have?? Alyssa Milano marketing plan did diddly squat for the younger desireable market>>
- announced proprietary eyeglasses compatible with wearable technology <<all from a website??? Good luck, the brick and mortars are still adopting and trying to embrace the new technology>>
Are you a shareholder?
Where else can you find such positive press ?
If he applied to be a Registrar, he'd probably get the job.
Press yes, positive however I beg to differ.
Better press than regulatory offers and far more positive.
Whenever CC decides to to sell the company it will be for a superb bonus number and to most probably ESSILOR, who then can sell the bulk of goods to them, from machinery to frames and lenses at inflated prices, like Imperial used to do to their own retail accounts.
Make money in Thailand who produces millions of their lenses, and get government assistance in Canada for employing a ton of employees without making any money.
Their steady hanging on investors, probably know more than all of us combined.
No different than the infomercials on TV - "if you don't like it return it within..." knowing that only a small percentage will actually waste the time and shipping expense to mail them back for refund.
So then the sales will go up by four times
Won't hurt them at all. Only help. The brick and mortar kills, but they know that and will likely not pursue massive expansion on that front. As long as they continue to dominate the online market there is virtually nothing that could stop Clearly Contacts.
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There is and he outlines the weaknesses himself for anyone that cares to read it .
There's definitely a much larger hidden game plan here. I wouldn't be surprised if E has been secretly involved since the beginning building their long term market share goals through the facial front of CC.
Build it under an alias and gain incredible market share at any and all costs, swoop in at the right time and save the day while attempting to look like heroes. Not to mention, the huge losses in the mega millions makes the acquisition cost very attractive while providing a great tax offset and savings to the entire company.
Are you able to post a link on this?
read the section 40 F filings , 115 pages, the regulatory discussion section, amongst others, might interest you. It was subtitled something like
International Regulatory Environment
So I guess that's a no to posting the link?
I think Chris posted it before, do you want me to find it for you again ?
ClearlyContacts being bought for $445M by Essilor.
Essilor has offered $12.45 per share in cash for all of its shares.Close to 20% premium on yesterdays closing price.
Read HERE.
Read it and weep! Maybe now independents will realize their true loyal supportive suppliers. I shall be passing this out to everyone of my clients today! A special thank you to 'E' for making my job much easier now.
http://www.essilor.com/en/Press/News/Pages/AcquisitionofCoastalcom.aspx?ReturnUrl=http://www.essilor.com/en/Press/News/Pages/Home.aspx
Here is the link. Well worth the read no matter who owns it. The regulatory sections are just as interesting.
http://secfilings.nasdaq.com/filingF...21%2F2014&pdf=
I'm not sure independents actually know if they are supporting E, as I find that many still don't realize the breadth of their industry domination; Signet Armorlite, Nikon, Shamir, all of their AR coatings and HD designs, satisLoh, etc.....
List them all, OIC. I want to know what else not to use.
This is the worst of the worst. Not because they are online (which is bad, bad, bad, bad) but because they've deregulated vision care up there, which is anathema.
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