Castle Brands Board (ROX)

[matt24d]

Well I will say that it would make total sense. Lets face it they have the hottest selling ginger beer in the US. Then they just got a premium selling outlet landing walmart. It would make perfect since for a large player to take them out now. Even if they only sold their beer in half of the walmart stores and only sold 12 6 packs a month at each location at $7 a pop that would be another 2.5 million a year in revenue. I can see why this would be getting offers. I feel todays late day action is due to the pretty good short interest still in this. If the company confirms these talks and with multiple parties interested you would see a bidding war for this company and see a sale price in the 6-8 range IMO. I think I will hold my shares here and see how this plays out. Even with no buy out this one looks cheap just on a potential sales increase with walmart onboard now.