Tag Archives: loss

Fitbit Losing $80 Million In 1Q2019, On $272 Million Revenue — Do NOT See The Glory Or Point.

by Anura Guruge


Click to ENLARGE and read here. From ‘marketwatch.com’.


While I appreciate companies play all sorts of ‘games’ when it comes to reporting their income, these Fitbit results definitely appear to tell a story …

Losing $80 Million of $272 Million of sales. That is 29%.

This does not look like a ‘paper’ loss. It would appear that it costs Fitbit more to develop, manufacture, market, sell & support their products than they can recoup in sales.

If that is the case something is wrong. Fitbit must get their cost under control or stop selling their watches at a discount — just to get market share.


Related posts:
Search ‘Garmin’ & ‘Fitbit’


by Anura Guruge

Laconia, N.H., Pumpkin Festival, 2015: Pumpkin Making Fun Of Keene & Their Loss.

Anura Guruge December 2014 thumbnail
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by Anura Guruge


Related posts:
>>
Laconia 2015 Pictures …
>>
Laconia 2015: Map …
>> Laconia 2015!
>> Laconia — 
Déjà vu?


>>
Keene 2014: the riots!
>> Keene 2014 schedule.
>> Keene 2014 preview.
>> Keene Pumpkin Festival 2013.

++++ Search on ‘Keene’ or ‘pumpkin’ using sidebar search (at top) for ALL the posts from 2012 festival >>>>


Deanna took this picture with her Olympus camera.

Click to ENLARGE.


Gunstock Inn, Gilford, NH, Has Closed, Per The ‘Union Leader’.

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by
Anura Guruge


Related posts:
>> Gunstock Inn … To Close Soon …‘The Laconia Daily Sun’
>>Jan. 15, 2013.

>>
Maybe Gunstock Inn Is Still For Sale … Nov. 8, 2012.
>>
Gunstock Inn, Gilford, NH — Sold Again … –  Nov. 1, 2012.


Gunstockshuttered

Click to read ‘Union Leader’ article.


So it has finally happened. I must say that I feel a sense of relief. That poor Inn had to be put out of its misery. The last owners did it no favors. From what I know this was an UPS (yes, United Parcel Service) IPO folly in the 1990s; a guy, from MA, who had worked for UPS for a long time and made a killing on the IPO bought it. His wife ran it while he continued to work for UPS.

In my last post I mentioned the ‘Lazy E Motor Inn’ as a well run Inn with great owners — what Gunstock needs. In the Union Leader article I read that the Lazy E owners are trying to buy Gunstock! Is that a coincidence? Should I get a piece of the commission.

What cracks me and and distresses me at the same time is how these reporters never ask the right questions or find the relevant facts! So, they bought it for $1.1 million. Bully for them, BUT how much did they borrow? That is THE question. If they borrowed 80%, i.e., $880,000, which I suspect they probably did, and just put in $220,000 of their own money into it, the ONLY VICTIM is the poor (but greedy) bank. As I said before, it is the bank that I feel sorry for, and I am glad the bank is being more cautious the second time around. If and when the Inn is sold these folks, most likely, will get back some of what they put in. It is the bank, and its investors, that will suffer the loss.

But, all said, I am glad for the Inn. It needs a break. Somebody that will run it as it should. That said, I wouldn’t rave about its architecture. What they did to the dinning room, albeit 25 or 30 years ago, was beyond amazing. It would have, especially then had a great view of the lake. So you could have had ultra romantic lake view dining, especially at night with the lights twinkling across the lake. That would have been an asset. So what did they do; they built the swimming pool next to the dinning room and blocked the lake views. Yes, of course, if this was Arizona, Nevada or California, it might be fun to have a view of a pool while you ate. But, this is NH! There are times that what you see by the pool convinces you to stop eating, at once, and go on a diet. I have always said, that if I bought the Inn, I would knock the pool down and relocate it. My days of being able to afford the Inn are long gone — because unlike some, I would never borrow money to buy an investment. I would feel terrible if I could not pay it back. I am used to losing my own money and over the years I have lost a lot. But, judging from my credit score and reports I have hardly ever stiffed anyone.

Gunstock Inn, Gilford, NH, Likely To Close Soon According To ‘The Laconia Daily Sun’.

Dec2013x125

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by
Anura Guruge


Related post:
>> Maybe Gunstock Inn Is Still For Sale … Nov. 8, 2012.
>>
Gunstock Inn, Gilford, NH — Sold Again … –  Nov. 1, 2012.


Breaking News: Gunstock Inn is shuttered, at least as of
January 26, 2013, per the ‘Union Leader’

— check this January 29, 2013 post.

Click to read the whole story at the 'Laconia Daily Sun'.

Click to read the whole story at the ‘Laconia Daily Sun’.


That a bank holds a mortgage on this really bothers and bugs me. So the only REAL loser in this is going to be the bank — and if it is a public bank, its poor shareholders.

Yes, anytime anybody walks away from a mortgage it bothers me. Actually happens on this road — even the house across the road. Some of the neighbors, not savvy in matters fiscal, talked about ‘the misfortune’ of the family that walked away. Heck NO. With all of the Home Equity Loans they had piled on that property in the last 4 years before they bid adieu, they walked away with $180,000. To add insult to injury they sold all the appliances and even some of the light fittings. That is not right. I find it hard to appreciate why folks can’t see this for what it is.

I was surprised when these folks bought the Inn. Every once in awhile we watch ‘Hotel Impossible‘ on the Travel Channel and used to be big fans of the BBCHotel Inspector‘. Anthony of ‘Hotel Impossible‘ would say that this was a crazy proposition. They had no experience or background in the hospitality industry. Yes, I know what they did previously and I won’t bring it up. Well, obviously that didn’t help them much either. Yes, it is also true that they were very churlish to me in 2007, when we were homeless — and as such I have no sympathy for them. Yes, I called them up and asked them about getting a suite to tide us over until we could find a place to live. They knew us because we had frequented the Inn — the place that we had got married in 2003. They said that they will call us back. They never did! So, much for their hospitality.

We lucked out. Deanna drove around and found ‘Lazy E Motor Inn‘ at Weirs. Family run. Nicest people in the world. It was Winter and off-season. They gave us this big suite above the main building. It worked out great. We were there for about 2 or 3 weeks until we managed to buy this house. No, we were not totally destitute, just homeless because we had sold our waterfront place in Gilford, prior to being able to find another house. Nothing but the nicest and best words for the ‘Lazy E’. Great place. Great people. That is what an Inn should be. As it happened, we ended back there for a night just a few months later. We lost power in an April storm that washed down much of Prospect Mountain Road. We had only been there 2 months and had not realized that this was ‘Power Out Central‘. Teischan was still a baby, 16 months. No power, no heating. This was prior to us getting our two generators. So we went back to the same room at the ‘Lazy E’. Yet, again the owners were delightful. Got the room ready for us as soon as we called. That is how you win and retain customer loyalty.