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$6.40 0.19 (3.06%)
8/29/2008 4:00 PM

SMART BALANCE, Inc. (SMBL)

CAPS Rating:
**

A blank check company whose objective is to acquire through a merger, stock exchange, asset acquisition or similar business combination with an operating business or brand in the consumer food and beverage industry.

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Avatar pencils2 (99.83) Submitted: 10/02/07 10:36 AM : Underperform Start Price: $12.34 SMBL Score: 31.77

1. Company only recently began to bring in revenue, but last quarter they lost $14.29 million, more than they lost when they didn't bring in any revenue.

2. $388.12K in cash with $159.7 million in debt. When your business is producing little or even negative cash flow, it's going to be the shareholders who pay.

3. This is a very competitive market. And seriously, if low fat food really becomes the hot thing (seems like it's already had its day), the major food distributors will take most of the market. A small, newer company like Smart Balance with terrible financials will not make much of a dent.

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