Welcome to the second edition of The FoxForceJournal. Our goal is to examine all 41 picks in the FoxForce5contest while titilateing and expanding the inner workings of your subconcious.
Our featured stock is ColdwaterCreek, Inc. Picked by our most respected boardmember BravoBevo. (Some of you have wondered how Bravo finds these penny stocks that proceed to pull down massive gains?)
SIMPLE ANSWER- He's Bravo freakin' Bevo and your not.
Start price- $2.40 (actually .60 but there was a 1:4 reverse)
Todays price- $3.97
Stock gain +65.42%
From the Companys website-
"Today Coldwater Creek celebrates both the past and the future of the brand and our customer. Modern and relevant, we speak to a new generation of American women with a clear sense of purpose. We enhance and accent our customers' lives, providing vibrant fashions and gifts that fit her multi-faceted life. The essence of Coldwater Creek-timeless, relaxed, confident-remains unchanged.
As does our inspiration, drawn from the open American sketchbook. Whether we welcome customers into our stores or update our website, design artful patterns or buy inspired collections, keep the books or manage the distribution center, answer phones in the call center or answer to the CEO, our commitment is to add that extra moment of delight. It's part of our mission.
We will always strive to capture a spirit of freedom and independence, a love of nature and an artfulness that is unique to our brand. We've earned a special place in the hearts and homes of our customers and we promise to work to continue to earn that honor as we forge new relationships and bring new customers into the vibrant world of Coldwater Creek."
Recently Coldwater borrowed $65M to stave off bankruptcy, and so far the strategy is working, but one has to wonder if that will last till contest end.
$1,000 purchased @ $2.40= 416.7 shrs worth $1,654.20
Now Scruffys 40,000 shrs purchased for $96,000. Are worth $158,800.
Thanks for reading and keep an eye out for the next