- Joined
- Jul 23, 2007
- Messages
- 3,821
Send me one and I’ll test it out thoroughly!
Send me one and I’ll test it out thoroughly!
Do you have a background in metallurgy where you can test the chemical composition we have been discussing?
I hope they survive as a money making enterprise into the 22nd century.
Servotronics Consumer Products Group (aka Ontario Knife Company) is losing money ever since 2011, and their revenue is only half of what it was 10 years ago.
Judging by first 2 quarters of 2018, downward trend didn't slow down much at all.
Unless they pull rabbit out of hat (big hit product lineup), they'll be gone in 10 years.
I trully hope they can turn it around, but the way they tackle problems I have my doubts.
How can we get a 420 Woodsman to Revolverrodger? Anyone have an extra? I would, but I only own the previous model(which I’ve already tested). I’m almost curious enough to buy one next sale.
Servotronics Consumer Products Group (aka Ontario Knife Company) is losing money ever since 2011, and their revenue is only half of what it was 10 years ago.
Judging by first 2 quarters of 2018, downward trend didn't slow down much at all.
Unless they pull rabbit out of hat (big hit product lineup), they'll be gone in 10 years.
I trully hope they can turn it around, but the way they tackle problems I have my doubts.
Um, fake news... SVT is doing well, if you look at the graph here:
https://www.reuters.com/finance/stocks/chart/SVT.P
look at the 5 year stock price chart... they are not google or amazon, but they are stable and somewhat cyclical with an improving baseline.
Luckily, the Ontario side of things is pretty minimal compared to the other side, which does high end valves for aircraft etc:
Um, fake news...
Tis easy to Google-Fu to prove they doing OK I guessly.
Servotronics subsidy "Consumer Products Group" (aka OKC) is not profitable since 2011 (source: http://servotronics.com/investor-relations/ and SEC https://www.sec.gov/cgi-bin/browse-edgar?CIK=svt&owner=exclude&action=getcompany ).
Value of Servotronics stock and profit/loss of OKC are two completely different things.
If OKC doesn't become profitable, Servotronics may decide to sell OKC assets. Like they did with Queen Cutlery Company back in 2012. If that happens, who knows what will become of OKC. For sure we don't want it to remain just as a brand, licensed to some Chinese company, right?
You got to work on that Google-Fu some more...
So, I dug into this deeper, and I thank you for making me look closer... it's difficult as heck to get a clear picture of the OKC side of SVT, ... and, interestingly, their net revenues have increased: $7.5m in 2016, and $9m in 2017... but that's only part of the story, it seems their net income for the 6 month period which just ended for the CPG (june 2018) resulted in a loss of $634k, which is down from the 2017 6 month period last year, in which the CPG lost $523k
I hope they manage to get profitable very soon, they have the raw numbers to work with, and enjoy a positive reputation.