Good product with loyal customers

SNAK is a nice micro-cap snack food manufacturer and distributor that is building its niche with a split strategy: healthy convenience foods and traditional indulgent snacks. Their 'healthy convenience foods' is a growing segment and now comprises about 50 percent of revenue. Partners in the healthy part of the business include Jamba, and Radar fruit growers, which they recently acquired. The Indulgent side of the company counts Seattle's Best frozen drinks, TGI Friday chips and onion rings and Burger King as partners in strategic marketing initiatives.

The company's flagship house brand is Boulder Canyon all-natural kettle chips, pallets of which I just saw stacked at my local Costco. Inventure is headquartered in Phoenix, has a market cap of 259M and has manufacturing facilities in Arizona, Indiana, Washington and Oregon. In the past five years sales have increased 200%. The stock is up 93% for 2013, p/e (ttm) is 38.13 (Yahoo) as of 1/1/14. Inventure Foods was named one of Forbes Best Small Companies for 2013. I see a bright future for Inventure as it continues to build on its 'healthy convenience' component, a burgeoning segment of the food industry. In addition I see it as a viable acquisition candidate in the next few years as the big food producers seek to round out their 'natural' and 'healthy' brands. I think it has just four or five analysts following the stock.

I have owned shares for about a year and am considering adding more this month.