New investor here. I like what I've heard here from Tim. I appreciate the points that were made with regard to sustainability, the future of this retail segment, and their leverage. The shoes are quite stylish and versatile I feel. I ordered the slippers and noticed the quality. Had to buy their stock. I like them and Oatly for environmental sustainability. These are the companies that are positioned to grow in the 21 Century I believe. Purchased a couple more styles. I really like what I see for this company's future.
So when are they going to be profitable? are they improving? whar are they doing to tackle the situation? How it will decrease SG&A? (←other brands SG&A are much lower than theirs) thats the more important question than so called sustainability
They are pretty sustainable. For now they make most if not all of their models in Korea and it is one of the few countries that offer special facilities can make products out of bioplastics (souls break down in a month in a compost) in a clean way. Also workers rights aren't abused like those that sew in 3rd world countries like China, Vietnam or Bangladesh or pretty much any African country. They have ZQ certificate that backs their claims on no animal abuse (even killing sheep for meat is forbidden). So far the most ethical sneaker making brand I have heard of.
New investor here. I like what I've heard here from Tim. I appreciate the points that were made with regard to sustainability, the future of this retail segment, and their leverage. The shoes are quite stylish and versatile I feel. I ordered the slippers and noticed the quality. Had to buy their stock. I like them and Oatly for environmental sustainability. These are the companies that are positioned to grow in the 21 Century I believe. Purchased a couple more styles. I really like what I see for this company's future.
The founder did not address whether he bought the green washing. He just redirected
So when are they going to be profitable? are they improving? whar are they doing to tackle the situation? How it will decrease SG&A? (←other brands SG&A are much lower than theirs)
thats the more important question than so called sustainability
That’s the innovation…a company that doesn’t make money but still get on panels
They are pretty sustainable. For now they make most if not all of their models in Korea and it is one of the few countries that offer special facilities can make products out of bioplastics (souls break down in a month in a compost) in a clean way. Also workers rights aren't abused like those that sew in 3rd world countries like China, Vietnam or Bangladesh or pretty much any African country. They have ZQ certificate that backs their claims on no animal abuse (even killing sheep for meat is forbidden). So far the most ethical sneaker making brand I have heard of.
Buy, because their cash balance is unsustainable but they are a great brand that will get taken over by Adidas probably. Your share price will pop.
First like first comment 🤟