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Cobra Electronics CEO: Cautiously Optimistic on Economy
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Cobra Electronics CEO Jim Bazet explains what's impacting consumer confidence.
- Duration 1:46
- Date Aug 14, 2012
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Cobra Electronics CEO Jim Bazet explains what's impacting consumer confidence.
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All right thanks real.
Well let's -- the small business in -- food cans Jeff Flock is anybody on the ground but the had a one small businesses CEO of -- Electronics is with Jeff right now how is he feeling about the state of business Jeff.
Well well let him speak from self Jim does that has been the -- -- over since 98.
Turnaround expert you turn around this company it's decided to stay.
You just heard -- debate what do you think -- is negative is is that.
I wouldn't say I'm -- negative.
Cautiously optimistic coming of course cobras and 75 countries now of great brand equity and 55000 storefronts.
So it gives us a lot of flex and moving.
All this is tempered as I mentioned earlier by the fact that we're not quite sure.
What the consumers are gonna do come the holiday season is that because of the election is -- because of the uncertainty that you have out there who were talking about the uncertainty that small businesses face and by the way you've been named.
One of the top 200 small businesses in America about -- that small that's correct.
I think it's variety of of issues number -- certainly an election year people waterway and in NC was gonna happen.
For their family budgets and so forth.
I think the other thing is is that there's some concern over what's going on in Europe in some places like that so those two things so affect consumer confidence you have toward -- -- prisons overseas semi trucks and your -- US reason we're sit in the front seat of the car this new.
Talk about new products driving me your sales that's a new thing called that the data system.
It targets -- drivers are tells drivers when there's a red light camera common -- that's correct red light speed camera and it also has conventional detection as one of our best -- radar detectors one of the reasons the stock has returned 36%.
A since last year or so small business heard from here in Chicago at the headquarters of -- grow.