Return to the Cloudy Nights Telescope Reviews home page


Telescope Specific Forums >> Meade Computerized Telescopes

Pages: 1 | 2 | 3 | 4 | 5 | 6 | (show all)
Matthew Ota
Hmmm


Reged: 04/30/05

Loc: Los Angeles, California
Re: MEAD > SEC Filings for MEAD > Form 10-Q on 14-Jan new [Re: vomit]
      #5692922 - 02/21/13 03:15 PM

The reason most amateur astronomers are over 50 is that we grew up at the dawn of the Space Age. At a young impressionable age we were exposed to a future in space that fell way short of our expectations. So we settled of unmanned exploration of the planets instead of going there ourselves.

Meade, Celestron and the other companies that have developed high-tech telescopes have done a great job engineering them, but a poor job in selling and promoting them.

My only suggestion is that they diversify their product lines outside of the small amateur telescope market just to stay afloat.


Post Extras: Print Post   Remind Me!   Notify Moderator  
Stacy
Star Partyer
*****

Reged: 09/15/02

Loc: Seattle, WA
Re: MEAD > SEC Filings for MEAD > Form 10-Q on 14-Jan new [Re: Matthew Ota]
      #5693011 - 02/21/13 04:03 PM

They shipped the LX90 part (control board) I ordered last week.

Post Extras: Print Post   Remind Me!   Notify Moderator  
jonbosley
scholastic sledgehammer


Reged: 10/19/05

Loc: Texas
Re: MEAD > SEC Filings for MEAD > Form 10-Q on 14-Jan new [Re: Stacy]
      #5693150 - 02/21/13 05:10 PM

Looking over their report the other day, it seems like last year Meade converted their cash into a huge inventory, which they have not been able to sell (probably not the wisest thing for them to have done). It now all relies on how fast they can sell to keep their cash flow going. Historically a huge chunk of change came from the low end scopes in the big retailers over the Xmas period. If they have lost those contracts that is a massive blow and without doubt they will have to revisit their business model. They have always had a innovative R&D department which is a great strength for them. This is a difficult time for many companies. Whatever comes out the tunnel it will be a very different Meade then went into it.

Jon


Post Extras: Print Post   Remind Me!   Notify Moderator  
LivingNDixie
TSP Chowhound
*****

Reged: 04/23/03

Loc: Trussville, AL
Re: MEAD > SEC Filings for MEAD > Form 10-Q on 14-Jan new [Re: Stacy]
      #5693155 - 02/21/13 05:12 PM

Something to think about. Most young people (20s and 30s) are building careers and having families. Having children makes it hard to get out a lot to observe. Average age is important but it needs to be also collaborated with how long someone has been a telescope user. Getting people in their late 30s or 40s is okay as long as Astronomy as a hobby is growing and gaining new people.

Post Extras: Print Post   Remind Me!   Notify Moderator  
jwdefoor
journeyman


Reged: 02/23/13

Re: MEAD > SEC Filings for MEAD > Form 10-Q on 14-Jan new [Re: meade4ever]
      #5697588 - 02/23/13 11:43 PM

I am a new member and confess I have not read all of the above comments. I am a retired finance/accounting executive.

Regarding Meade's "going concern" problem. If a company has a good product, typically new owners will come in -- wipe away the debt, replace management, etc. -- and continue production with minimal interuption. A company's value is all related to the value of its customer base.

I once owned one of the first LX200's. It spoke QUALITY all over. Later, I bought a ETX125 for my nephew -- he never could get it to work and gave it back. Opened up the DEC arm and the plastic posts were shattered and the gears were stripped, and couldn't find parts.

I now have a LX200GPS, but have been disillusioned to find out that two otherwise identical looking eyepieces -- one can be plastic and one metal? How can i ever know what exactly I am buying? I don't like surprises and neither do most of you!

IMO, what Meade failed to understand is how disappointment with cheap plastic telescopes frightens people away from their better models. And inconsistent quality cheapens the brand all together. Better to be excellent at a few things, than average at many.


Post Extras: Print Post   Remind Me!   Notify Moderator  
Matthew Ota
Hmmm


Reged: 04/30/05

Loc: Los Angeles, California
Re: MEAD > SEC Filings for MEAD > Form 10-Q on 14-Jan new [Re: jwdefoor]
      #5697733 - 02/24/13 03:00 AM

At the least I hope that Meade survives along with Celestron and the other manufacturers.

It kind of reminds me on how Model Rocketry declined in the early 1980s when amateur rocketry took off. Now instead of three major manufacturers there is only one, Estes. Membership in the National Association of Rocketry, which was around 2000 when I was active from 1974 to 1984, dropped below 1000.


Post Extras: Print Post   Remind Me!   Notify Moderator  
Stacy
Star Partyer
*****

Reged: 09/15/02

Loc: Seattle, WA
Re: MEAD > SEC Filings for MEAD > Form 10-Q on 14-Jan new [Re: Stacy]
      #5703574 - 02/27/13 02:01 PM

Quote:

They shipped the LX90 part (control board) I ordered last week.




Spoke too soon. They charged but did not actually ship the part. Said they will ship today. I guess we'll see...


Post Extras: Print Post   Remind Me!   Notify Moderator  
Odell
member
*****

Reged: 04/29/12

Loc: Florida
Re: MEAD > SEC Filings for MEAD > Form 10-Q on 14-Jan new [Re: LivingNDixie]
      #5710898 - 03/03/13 03:58 PM

Quote:

Something to think about. Most young people (20s and 30s) are building careers and having families. Having children makes it hard to get out a lot to observe. Average age is important but it needs to be also collaborated with how long someone has been a telescope user. Getting people in their late 30s or 40s is okay as long as Astronomy as a hobby is growing and gaining new people.




A fascinating thread and this post caught my eye. I started my astronomical journey last May at the age of 59.Previous to that my last encounter with a scope was at the age of 12. Sports, then marriage, then career, and general life is not conducive to large optical expenditures as well as expenditures in time.

My thought is, there are presently around 10K people retiring everyday. Could it be the baby boomers may have a hand in the saving of Meade? Ok.....wishful thinking...


Post Extras: Print Post   Remind Me!   Notify Moderator  
SteveMushynsky
member


Reged: 02/21/13

Loc: Syracuse, NY area (Central NY)
Re: MEAD > SEC Filings for MEAD > Form 10-Q on 14-Jan new [Re: Odell]
      #5723329 - 03/10/13 03:11 AM

Quote:

...there are presently around 10K people retiring everyday



I am one of these, just now making my decisions on what to buy for the first time at age 61.
I find there is a remarkable lack of media outreach among telescope manufacturers and amateur astronomers. It seems to be a relatively closed world of enthusiasts talking to enthusiasts. There is outreach, but it seems to appeal to individuals a few at a time, not using the power of mass media.


Post Extras: Print Post   Remind Me!   Notify Moderator  
Spacetravelerx
Carpal Tunnel


Reged: 12/23/12

Loc: New Mexico
Re: MEAD > SEC Filings for MEAD > Form 10-Q on 14-Jan new [Re: SteveMushynsky]
      #5723347 - 03/10/13 03:49 AM

Steve,

I don't know about the lack of outreach and communication. Outreach is extensive on many fronts.

-- For many Astronomy Clubs and Astronomers we take it upon ourselves to share at numerous planned and unplanned events. Our local club works with many schools in the area and shares the events through the news, facebook, webpages, school info outlets, etc. Just over a week ago I had 300+ elementary kids, their siblings, parents and relatives lined up to look at Jupiter. I am quite certain most Astronomy Clubs do much with their communities.

-- Similarly for the Annular eclipse and transit of Venus I had many strangers lined up at the scopes and the Laptop display to watch the events. Very few were astronomers. The total number of visitors exceeded 1000. Oh, and pictures from the event made the wire services world wide (my family was quite excited). I think many astronomers will attest to similar experiences.

-- I know Meade is trying to make a noble effort through social media and the web to promote a variety of astro events and news items with their limited staff and resources.

-- Astronomy and Sky & Telescope are keeping up with the times with digital media, and doing it well.

-- Most of us talk with local, regional and national media. However unless there is something amazing on the astro news front (like Asteroids hitting the Earth), then most info is relegated to Science Channel, Discovery, et. al. BTW, PANSTARRS is getting lots of coverage. Fox and CNN are certainly covering it.

Yes, I do talk with other astronomers to talk shop and share info, but my biggest joy is interacting and sharing with budding astronomers of any age, or people just curious and want to learn.

My take on some of the problems in this hobby:
-- Many folks see amazing images online, on tv and in the theater - real or special effects. This is tough to compete with ("why look in your scope when I can see the Hubble picts?"). Jupiter and Saturn REALLY move people, especially newbs (heck, me too!); faint fuzzies or splitting a faint double star? Not as thrilling for beginners.

-- Light pollution. Most people don't see the sky we saw long ago. I feel VERY BLESSED being in New Mexico now (I am from Michigan). Skies are amazing here, however most folks do not get this view today.

-- In the "Olden Days" as a kid, I loved what I could find in my Tasco 60mm. Today? The same views don't move most people.

-- Space race was big in our day. Now? The drive and interest is just not as big. And I work in the Space biz!

-- I have been in Astronomy and mostly active all my life. Most cannot do this due to cost, family and/or time constraints. Imagine a young couple trying to get into Astronomy and raise young kids? I raised four with ALL their activities. Let me tell you, it was a challenge mixing astronomy and all their interests.

-- Competition with other hobbies and interests. Video games for example provide instant gratification. You have do a little work with Astronomy (like setting up a small scope, or figuring out what the stars are - if you can see them!). I can give a list of activities, but it is a crowded market.

Their are other reasons for the leaning of this hobby, but I think this covers the basics. For Meade (and others in this business), the pie is getting smaller from the heady days of the 80s and 90s.

It is great you are joining this hobby. We all represent an opportunity to share what we know, learning experiences, growing pains and the gadgets we use. You can definitely help with the outreach.


Post Extras: Print Post   Remind Me!   Notify Moderator  
Christopher EricksonModerator
Carpal Tunnel
*****

Reged: 05/08/06

Loc: Waikoloa Village, Hawaii
Re: MEAD > SEC Filings for MEAD > Form 10-Q on 14-Jan new [Re: SteveMushynsky]
      #5723390 - 03/10/13 05:30 AM

Quote:

Quote:

...there are presently around 10K people retiring everyday



I am one of these, just now making my decisions on what to buy for the first time at age 61.
I find there is a remarkable lack of media outreach among telescope manufacturers and amateur astronomers. It seems to be a relatively closed world of enthusiasts talking to enthusiasts. There is outreach, but it seems to appeal to individuals a few at a time, not using the power of mass media.




It tough to reach an audience that is already jaded by massive special effects and instant gratification under light-polluted skies.

My wife and I volunteer up at the Onizuka VIS every Tuesday night for their nightly stargazing program and I usually go up for a couple of Saturdays as well around the New Moon. The VIS gets somewhere around 250,000 to 350,000 visitors a year and maybe 100,000 stay for the nightly stargazing tours. However since we are at least an hour from civilization in any direction, only those people who know we are there and go through the effort to visit us get to see the sky through our telescopes.

http://www.ifa.hawaii.edu/info/vis/visiting-mauna-kea/star-gazing-program.html

If anyone is visiting the Big Island of Hawaii, consider dropping me a line well-before you get here and I will help you make sure you get the most astro-fix while on the island. I might be able to get you inside some of the observatories on the Summit as well.


Post Extras: Print Post   Remind Me!   Notify Moderator  
AntMan1
super member
*****

Reged: 09/17/07

Loc: Third rock from the Sun
Re: MEAD > SEC Filings for MEAD > Form 10-Q on 14-Jan new [Re: Christopher Erickson]
      #5727024 - 03/11/13 10:29 PM

Meade stock has risen sharply this week! 1.89 Keep going baby! Nice price to buy at if you like a little risk.

Are there going to be any further reports for 2012 or is this 10-Q on 14-Jan the final one?


Post Extras: Print Post   Remind Me!   Notify Moderator  
Spacetravelerx
Carpal Tunnel


Reged: 12/23/12

Loc: New Mexico
Re: MEAD > SEC Filings for MEAD > Form 10-Q on 14-Jan new [Re: AntMan1]
      #5727304 - 03/12/13 01:30 AM

I think there will be a few more reports - for 2013; they will turn this puppy around in the right direction.

My guess for the stock increase is because the LX850 is shipping. It seems to be popping up everywhere suddenly, and the word so far seems to be good (I will know soon myself; stay tuned!). First light images are very good for early use. With all the LX850's coming out, this means cash flow. This will pay down the one outrageous debt, and provide capital to release the LX600 and provide more cash flow. This should also force the two vendors to pay the $600k (each I think) owed to Meade.

All of this adds to the stock price jumping up. I should buy $20k in stock, watch it double, cash out and pay for my telescope and pocket the rest.


Post Extras: Print Post   Remind Me!   Notify Moderator  
ken svp120
Carpal Tunnel


Reged: 12/19/04

Loc: Ohio
Re: MEAD > SEC Filings for MEAD > Form 10-Q on 14-Jan new [Re: AntMan1]
      #5728362 - 03/12/13 03:09 PM

Quote:

Meade stock has risen sharply this week! 1.89 Keep going baby! Nice price to buy at if you like a little risk.

Are there going to be any further reports for 2012 or is this 10-Q on 14-Jan the final one?




The 10Q is filed quarterly with the SEC and then the annual report...the 10K...is filed once a year - Meade's 10K should be filed at the end of May. These quarterly and annual reports will continue to be filed as long as the company remains public.


Post Extras: Print Post   Remind Me!   Notify Moderator  
bicparker
Carpal Tunnel


Reged: 02/07/05

Loc: Texas Hill Country
Re: MEAD > SEC Filings for MEAD > Form 10-Q on 14-Jan new [Re: ken svp120]
      #5757644 - 03/26/13 08:05 AM

I would not read too much into Meade's stock price anytime soon. Stock price fluctuations for a small cap company like Meade with little float really don't mean anything most of the time. This is such a low volume stock with very little of its stock actively trading most of the time. Single transactions such as the recent 63K share stock acquisition can really bump up such a stock temporarily but have little to do with its company performance or long term values. Their market cap of $2.33 million versus their book of $7.5 million makes their stock price changes have even less meaning.

The only thing really important here with respect to Meade is their current performance. Their long term performance will only be an interesting projection until they can get their period performances in order.


Post Extras: Print Post   Remind Me!   Notify Moderator  
ken svp120
Carpal Tunnel


Reged: 12/19/04

Loc: Ohio
Re: MEAD > SEC Filings for MEAD > Form 10-Q on 14-Jan new [Re: bicparker]
      #5845874 - 05/07/13 03:06 PM

Not sure what this might mean, but it looks like, if I'm reading this correctly, someone just purchased a tad over 6% of Meade...anyone more market savvy than I care to speculate?

http://www.sec.gov/Archives/edgar/data/1032067/000156710213000002/sc_13g_4.htm


Post Extras: Print Post   Remind Me!   Notify Moderator  
Spacetravelerx
Carpal Tunnel


Reged: 12/23/12

Loc: New Mexico
Re: MEAD > SEC Filings for MEAD > Form 10-Q on 14-Jan new [Re: ken svp120]
      #5846540 - 05/07/13 08:27 PM

If I read this carefully it looks like Chinese Nationals are preparing to purchase Meade. Meade offers significant IP.

I really hope Meade is not purchased by a Chinese firm. I guess on the one hand it is nice to have our hobby subsidized by the Chinese government. On the flip side, shouldn't some of this IP and control be managed in North America?

Yes, I know Celestron is now a Chinese firm. Many of our optics are made in China. Still, seeing both these companies leave the U.S.? Horrible.

It is a smart play by the Chinese government (call it was it is).

I will say this, if I had the funds I would personally purchase Meade. I can put a down payment down, but not enough to purchase outright.


Post Extras: Print Post   Remind Me!   Notify Moderator  
gmartin02
scholastic sledgehammer
*****

Reged: 04/11/05

Loc: Santa Clarita, CA
Re: MEAD > SEC Filings for MEAD > Form 10-Q on 14-Jan new [Re: Spacetravelerx]
      #5847191 - 05/08/13 06:18 AM

Quote:


Yes, I know Celestron is now a Chinese firm. Many of our optics are made in China. Still, seeing both these companies leave the U.S.? Horrible.




Although Celestron is a subsidiary of a Chinese company, they have not completely "left the U.S."

Celestron corporate offices are still in Torrance, California, and the product engineering and design are still done in Torrance, and manufacturing is still controlled from Torrance (although all the parts are manufactured overseas).

Joe Lupica is still the CEO, and Alan Hale is still the Chairman Emeritus - these guys (along with Richard Hedrick who now runs PlaneWave Instruments) bought Celestron back in 2002 from Tasco and turned it around (before Celestron was acquired by Synta in 2005)


Post Extras: Print Post   Remind Me!   Notify Moderator  
Spacetravelerx
Carpal Tunnel


Reged: 12/23/12

Loc: New Mexico
Re: MEAD > SEC Filings for MEAD > Form 10-Q on 14-Jan new [Re: gmartin02]
      #5847860 - 05/08/13 02:11 PM

Gmartin - yes I do understand those facts, and yes we are in a world market.

On the flip side it is a tad bothersome to see IP developed in the U.S. purchased for a very low price from offshore firms. And the reality is both Celestron and Meade would be Chinese firms, even though they have offices in the U.S.

If I had the time, I personally would raise the balance of the capital and purchase Meade. And if projects go as planned I would just buy it out right down the road, however I think it would be purchased by someone else or firm by then.


Post Extras: Print Post   Remind Me!   Notify Moderator  
bicparker
Carpal Tunnel


Reged: 02/07/05

Loc: Texas Hill Country
Re: MEAD > SEC Filings for MEAD > Form 10-Q on 14-Jan new [Re: Spacetravelerx]
      #5859506 - 05/14/13 10:12 AM

Meade needs the cash in a big way. They have a a very hot line of credit that needs to be paid off.

Post Extras: Print Post   Remind Me!   Notify Moderator  
Pages: 1 | 2 | 3 | 4 | 5 | 6 | (show all)


Extra information
1 registered and 7 anonymous users are browsing this forum.

Moderator:  Starman27, Christopher Erickson, Starman81 

Print Thread

Forum Permissions
      You cannot start new topics
      You cannot reply to topics
      HTML is disabled
      UBBCode is enabled


Thread views: 12018

Jump to

CN Forums Home




Cloudy Nights Sponsor: Astronomics