ein Bericht über den man nachdenken sollte.Ich glaube,er ist recht objektiv geschrieben.
I'm just a little curious with some of the comments about the Wisebuy/Hacketts direction some have made here. It's true Tom and co added the investments part to the Wisebuys equation some time ago which offset losses and provided the "earnings" listed. We know that the Wisebuys past business model was to have 3rd party vendors to attract customers in addition to the retail mix already in place. We also know that this past business model is shifting away from that to blend in with the new Hacketts/Wisebuys business model, leaving the 3rd party vendors behind and taking that revenue as their own.
The fact that much of the past revenue for Wisebuys was not "caught" and retained for Wisebuys to contribute toward earnings, but was part of the 3rd party vendors revenue, designed to contribute toward their earnings. The point being is the math some have calculated is based on the older business model of diluted revenues that weren't solely Wisebuys. It is important to take into account this shift of the past business model and realize the future business model will provide pure revenue for Wisebuys/Hacketts instead of diluted revenues, partially derived by those 3rd party vendors. So the 8K shows lack of Wisebuy profit due to a part old and part abandoned business model not realizing full potential.
Hacketts apparently opened a new store and it showed profit during the last month or so of 2006 presumably. I'm not sure that perhaps some of their assets were placed toward that growth which kept them from realizing greater profits. It seems to me that Hacketts doesn't have the same "investment" additives as Wisebuys does to augment their bottom line, therefore if Hacketts does show earnings from the business itself, it is safe to assume they will be absorbing the cost of the new store and have much better future earnings.
The main point here is that when Hacketts/Wisebuys mix the business model, all revenues will be 100% in store revs to contribute toward earnings, unlike the previous Wisebuys business model. More efficient, greater buying power and a blend of higher and lower margin items that offers everyone what they want. If indeed Hacketts is doing what I expect, I also see why Tom wanted to acquire them just as I see why Hacketts originally wanted to acquire Wisebuys. Both Stores combined with the market mix, not to mention existing retail space (no new building required), makes this a win win. I don't think past performance of Wisebuys will look anything like their future performance regarding the retail business model. The good part if I am right, they will also have the Wisebuys investments to assist the total combined Hacketts/Wisebuys business model if required.
Why would Tom be buying Hacketts and/or why was Hacketts interested in acquiring Wisebuys before? I think it was for a low overhead/high functioning mix that is complementary. IMO, I see a profiting business down the road and you know what that means. I think I'm right if you study why all this is taking place in the first place. Think about it and consider shifting your thinking from the old Wisebuys 8K to the new 100% revenue Wisebuys + HAcketts combined future 8K.
Notice I'm not taking about PPS and stock. I'm discussing what influences PPS through the business model.
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