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The Company together with its subsidiaries is engaged in the specialty coffee industry.
No one grows 100% per year forever, and this stock is priced like it will. Net tangible assets per share is negative, FCF is negative, and their main product (expensive coffee maker) is probably a fad.
Just goes to show how far behind the times Wall Street is... they should have left a good thing alone and just let their stock grow organically, but no, they had to take the Wall Street way out and pump up share price. Typical. These CEO's are all the same. They get a company that starts out great, then they start using accounting gimmics to pump their stock options into the stratosphere. Next thing you know, a company with $72,000,000 in NI is worth $16,000,000,000. I guarantee you peak sales was back in 2007, but they've managed to make it look like they are still growing. I call bee ess.
... and Blanford has been dumping shares at a rate of 45,000 per month for the past two months. Other insiders have been doing the same. It's quite frightening
I wouldn't buy the stock but like the coffee, much cheaper than Starbucks and I enjoy it in the comfort of my own home.
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