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$REED's Insider buying @ $7.70 up over 500% from my $1.27 call last November. $REED MKT CAP is still under $100M - This is a $200M company imop maybe more. Volume is just beginning .. Momentum is just beginning.
Read more @ http://manicpennystocks.com/?p=469
haha, 20 seconds.
Well, I think we can both agree that 153 new stores is a great addition for Reed's. I wonder if the Kombucha was a factor in the expansion.
Ya gotta be quicker, stockerzzz. ( ;
Reed's, Inc. Expands Into Tops Friendly Markets
Reed's Brands Gain Distribution in the 153 Store Chain in the Upstate NY Marketplace
LOS ANGELES, CA--(Marketwire - Oct 16, 2012) - Reed's, Inc. ( NASDAQ : REED ), maker of the top-selling sodas in natural food stores nationwide, announced today that it has recently gained authorization for Reed's and Virgil's brands in Tops Friendly Markets, a 153 store supermarket chain headquartered in Williamsville, NY.
"The new authorization of Reed's and Virgil's brands at Tops Friendly Markets increases our availability in the upstate NY marketplace. Our brands will be going into their newly expanded craft soda section in the mainstream beverage aisle. This partnership with Tops is yet another significant move into mainstream channels for Reed's.
For more than 50 years, Tops Friendly Markets have been recognized for having strong brand recognition and retail presence, driving solid market share in the areas that they operate. We are proud to be partnered with a supermarket chain that seeks premium, quality brands, like Reed's and Virgil's, to be made available to their loyal consumers. We look forward to creating marketing programs and promotions that will further enhance the consumer reach for our brands in Tops," stated Chris Reed, Founder and CEO of Reed's, Inc.
Reed's, Inc. Expands Into Tops Friendly Markets
Reed's, Inc. (NASDAQ: REED), maker of the top-selling sodas in natural food stores nationwide, announced today that it has recently gained authorization for Reed's and Virgil's brands in Tops Friendly Markets, a 153 store supermarket chain headquartered in Williamsville, NY.
"The new authorization of Reed's and Virgil's brands at Tops Friendly Markets increases our availability in the upstate NY marketplace. Our brands will be going into their newly expanded craft soda section in the mainstream beverage aisle. This partnership with Tops is yet another significant move into mainstream channels for Reed's. For more than 50 years, Tops Friendly Markets have been recognized for having strong brand recognition and retail presence, driving solid market share in the areas that they operate. We are proud to be partnered with a supermarket chain that seeks premium, quality brands, like Reed's and Virgil's, to be made available to their loyal consumers. We look forward to creating marketing programs and promotions that will further enhance the consumer reach for our brands in Tops," stated Chris Reed, Founder and CEO of Reed's, Inc.
About Tops Friendly Markets
Tops Markets, LLC is headquartered in Williamsville, NY and operates 153 full-service supermarkets -- 148 company-owned and five franchise locations. With more than 14,000 associates, Tops is a leading full-service grocery retailer in upstate New York and northern Pennsylvania and western Vermont. For more information about Tops Markets, visit the company's website at www.topsmarkets.com.
Tops Friendly Markets has still been working hard after 50 years to be "tops" for their customers. At Tops, they are proud of their history and remain true to their roots as a store that has a passion for food and people. Today, Tops stores retain the neighborhood feel of the original family-owned grocery stores. Real butchers, a rarity in modern grocery chains, are in store every day at Tops to offer the freshest cuts of best quality meat and seafood. They're always happy to trim to your specifications (free) or provide cooking and recipe tips.
For any newcomers, here's a link to the replay of the Q-2 conference call from August (see below).
It's extremely interesting where this company is headed revenue-wise in 2013. They've already had 11 straight quarters of revenue growth over 20%, and the recent launch of the Kombucha line will kick revenue growth into hyperdrive. The margins for Kombucha are phenomenal, approx double Reed's other products -
http://www.reedsinc.com/investor-relations/
>>> Reed's, Inc. Announces New Entry Into the Fast-Growing Kombucha Category
Press Release: Reed's, Inc.
Wed, Jun 27, 2012
8:30 AM EDT
http://finance.yahoo.com/news/reeds-inc-announces-entry-fast-123000558.html
LOS ANGELES, CA--(Marketwire -06/27/12)- Reed's, Inc. (REED), maker of the top-selling sodas in natural food stores nationwide, announced today the introduction of its new, organic Reed's Culture Club Kombucha into natural foods and mainstream supermarket channels, initially targeting the west coast, with the rest of the United States shortly thereafter. Kombucha is a natural food industry phenomenon and is significantly larger than the natural soda category. Reed's Culture Club Kombucha will be introduced in four, ginger based formulas: Goji Ginger, Cranberry Ginger, Lemon Raspberry Ginger and Hibiscus Grapefruit Ginger.
Chris Reed, Founder and CEO of Reed's, Inc., stated, "Over the last year we have engaged some of the best kombucha brewing experts within the industry today to help us co-develop what we consider to be the best, raw organic kombucha on the market. Each flavor extension is enhanced with our trademark fresh ginger root, the finest organic specialty teas, fresh pressed juices, spices, all brewed in spring water. We really out did ourselves with the creation of the new packaging and design, which should generate significant product trial."
About Reed's, Inc.
Reed's, Inc. makes the top-selling natural sodas in the natural foods industry sold in over 13,000 natural food markets and supermarkets nationwide. Its six award-winning non-alcoholic Ginger Brews are unique in the beverage industry, being brewed, not manufactured and using fresh ginger, spices and fruits in a brewing process that predates commercial soft drinks. The Company owns the top-selling root beer line in natural foods, the Virgil's Root Beer product line, and the top-selling cola line in natural foods, the China Cola product line.
Other product lines include: Reed's Ginger Candies and Reed's Ginger Ice Creams. In 2009, Reed's started producing private label natural beverages for select national chains. Reed's products are sold through specialty gourmet and natural food stores, mainstream supermarket chains, retail stores and restaurants nationwide, and in Canada, as well as through private label relationships with major supermarket chains.
For more information about Reed's, please visit the Company's website at: http://www.reedsinc.com or call 800-99-REEDS.
Follow Reed's on Twitter at http://twitter.com/reedsgingerbrew
Reed's Facebook Fan Page at https://www.facebook.com/ReedsGingerBrew
<<<
Re-post of the Q2 earnings from August -
>>> Reed's Inc. Reports Second Quarter 2012 First Profitable Quarter
39% Gross Margin Improvement
Press Release: Reed's, Inc.
Mon, Aug 13, 2012
11:49 AM EDT
http://finance.yahoo.com/news/reeds-inc-reports-second-quarter-154900636.html
LOS ANGELES, CA--(Marketwire -08/13/12)- Reed's, Inc. (REED) maker of the top-selling sodas in natural food stores nationwide, today announced the financial results for its second fiscal quarter ending June 30, 2012.
Financial Highlights for the Quarter:
•Revenues increased 27% to $7.8 million in 2012, compared to 2011.
•Gross profit increased to $2.7 million in 2012, an increase of 39% from 2011. The gross profit percentage increased to 34% of sales, an increase from 31% in 2011.
•Earnings before non-cash items and finance costs (modified EBITDA) increased to $831,000 during 2012, as compared to $395,000 in the prior year period. (See EBITDA table at end of this release for further non-GAAP information).
•Net income for the 2012 second quarter was $444,000, or $0.04 per share, compared to a loss of $55,000 a year earlier.
•Reduced inventory levels by over $1 million.
•Working capital at June 30, 2012 was $3.1 million, as compared to $2.7 million at December 31, 2011.
Operational Highlights:
•Developed and launched new Reed's Culture Club Kombucha in four flavors.
•Launched Reed's Chocolate Crystallized Ginger candy.
•New distribution partners in, South Carolina, Michigan, Utah and Tennessee.
•Started shipping a new Private Label project for large national supermarket chain.
•Increased sales team, adding new, experienced players in key markets to meet increased demand of our brands and to maintain and grow solid relationships with distributor and retail partners.
"This is our 11th quarter of double-digit revenue growth and has resulted in the company moving into a profitable position," stated Chris Reed, Founder and CEO of Reed's, Inc. "The second quarter results are confirmation that our 2012 business plan remains on track. Our branded and private label categories continue expand. We believe our momentum will continue in the second half of the year. Our new Kombucha line continues to roll out nationally. Early results are positive."
James Linesch, Chief Financial Officer stated, "We have reached a profitable sales velocity and margin contribution by holding down costs and by investing in effective promotions. Our gross margins have increased mostly through higher effective prices and lower production and raw material costs overall, while also making a higher investment in promotions and discounts this year. We gained more liquidity by reducing our inventory levels and improving turnover through careful production scheduling and timing of raw materials purchases. We have aggressive plans for expansion on several fronts this year, and we believe that our company is well-capitalized to carry out our plans."
The Company will conduct a conference call @ 4:15PM EDT today, August 13th, to discuss its 2012 second quarter results and outlook for the future. To participate in the call, please dial the following number 5 to 10 minutes prior to the scheduled call time (866) 240-5139. International callers should dial (713) 481-0091.
A replay will be available within a few days after the meeting in the investor relations section of the Company's website at: http://www.reedsinc.com/investor-relations/
About Reed's, Inc.
Reed's, Inc. makes the top-selling natural sodas in the natural foods industry sold in over 13,000 natural food markets and supermarkets nationwide. Its six award-winning non-alcoholic Ginger Brews are unique in the beverage industry, being brewed, not manufactured and using fresh ginger, spices and fruits in a brewing process that predates commercial soft drinks. The Company owns the top-selling root beer line in natural foods, the Virgil's Root Beer product line, and the top-selling cola line in natural foods, the China Cola product line. In 2012, the Company launched Reed's Culture Club Kombucha line of organic live beverages. Other product lines include: Reed's Ginger Candies and Reed's Ginger Ice Creams. In 2009, Reed's started producing private label natural beverages for select national chains. Reed's products are sold through specialty gourmet and natural food stores, mainstream supermarket chains, retail stores and restaurants nationwide, and in Canada, as well as through private label relationships with major supermarket chains.
For more information about Reed's, please visit the Company's website at: http://www.reedsinc.com or call 800-99-REEDS.
Follow Reed's on Twitter at http://twitter.com/reedsgingerbrew
Reed's Facebook Fan Page at https://www.facebook.com/ReedsGingerBrew
SAFE HARBOR STATEMENT
Some portions of this press release, particularly those describing Reed's goals and strategies, contain "forward-looking statements." These forward-looking statements can generally be identified as such because the context of the statement will include words, such as "expects," "should," "believes," "anticipates" or words of similar import. Similarly, statements that describe future plans, objectives or goals are also forward-looking statements. While Reed's is working to achieve those goals and strategies, actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. These risks and uncertainties include difficulty in marketing its products and services, maintaining and protecting brand recognition, the need for significant capital, dependence on third party distributors, dependence on third party brewers, increasing costs of fuel and freight, protection of intellectual property, competition and other factors, any of which could have an adverse effect on the business plans of Reed's, its reputation in the industry or its expected financial return from operations and results of operations. In light of significant risks and uncertainties inherent in forward-looking statements included herein, the inclusion of such statements should not be regarded as a representation by Reed's that they will achieve such forward-looking statements. For further details and a discussion of these and other risks and uncertainties, please see our most recent reports on Form 10-K and Form 10-Q, as filed with the Securities and Exchange Commission, as they may be amended from time to time. Reed's undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise.
REED'S, INC.
CONDENSED STATEMENTS OF OPERATIONS
For the Three and Six Months Ended June 30, 2012 and 2011
(Unaudited)
Three months ended June Six months ended June
30, 30,
------------------------ ------------------------
2012 2011 2012 2011
----------- ----------- ----------- -----------
Sales $ 7,831,000 $ 6,191,000 $14,370,000 $11,331,000
Cost of tangible goods
sold 4,696,000 3,762,000 8,881,000 7,083,000
Cost of goods sold -
idle capacity 438,000 493,000 807,000 895,000
----------- ----------- ----------- -----------
Gross profit 2,697,000 1,936,000 4,682,000 3,353,000
----------- ----------- ----------- -----------
Operating expenses:
Delivery and handling
expenses 585,000 544,000 1,064,000 932,000
Selling and marketing
expense 699,000 601,000 1,421,000 1,181,000
General and
administrative expense 805,000 676,000 1,545,000 1,331,000
----------- ----------- ----------- -----------
Total operating
expenses 2,089,000 1,821,000 4,030,000 3,444,000
----------- ----------- ----------- -----------
Income (loss) from
operations 608,000 115,000 652,000 (91,000)
Interest expense (164,000) (170,000) (332,000) (329,000)
----------- ----------- ----------- -----------
Net income (loss) 444,000 (55,000) 320,000 (420,000)
Preferred stock
dividends (23,000) (33,000) (32,000) (44,000)
----------- ----------- ----------- -----------
Net income (loss)
attributable to common
stockholders $ 421,000 $ (88,000) $ 288,000 $ (464,000)
=========== =========== =========== ===========
Income (loss) per share
available to common
stockholders, basic $ 0.04 $ (0.01) $ 0.03 $ (0.04)
=========== =========== =========== ===========
Weighted average number
of shares outstanding -
basic 11,041,558 10,818,170 10,981,317 10,719,256
=========== =========== =========== ===========
Income (loss) per share
available to common
stockholders, diluted $ 0.04 $ (0.01) $ 0.02 $ (0.04)
=========== =========== =========== ===========
Weighted average number
of shares outstanding -
diluted 11,940,343 10,818,170 11,647,148 10,719,256
=========== =========== =========== ===========
Reed's Inc.
MODIFIED EBITDA SCHEDULE
Three months ended Six months ended
June 30, June 30,
--------------------- ---------------------
2012 2011 2012 2011
---------- ---------- ---------- ----------
Net loss $ 444,000 $ (55,000) $ 320,000 $ (420,000)
---------- ---------- ---------- ----------
Modified EBITDA adjustments:
Depreciation and amortization 189,000 165,000 372,000 308,000
Interest expense 164,000 170,000 332,000 329,000
Stock option and warrant
compensation 29,000 80,000 55,000 129,000
Other stock compensation for
services 5,000 35,000 20,000 77,000
---------- ---------- ---------- ----------
Total EBITDA adjustments 387,000 450,000 779,000 843,000
---------- ---------- ---------- ----------
Modified EBITDA $ 831,000 $ 395,000 $1,099,000 $ 423,000
========== ========== ========== ==========
The Company defines modified EBITDA (a non-GAAP measurement) as net loss
before interest, taxes, depreciation and amortization, and non-cash
expense for securities. Other companies may calculate modified EBITDA
differently. Management believes that the presentation of modified EBITDA
provides a measure of performance that approximates cash flow before
interest expense, and is meaningful to investors.
REED'S, INC.
CONDENSED BALANCE SHEETS
June 30, December 31,
2012 2011
------------- -------------
ASSETS (unaudited)
Current assets:
Cash $ 1,391,000 $ 713,000
Inventory 5,046,000 6,099,000
Trade accounts receivable, net of allowance
for doubtful accounts and returns and
discounts of $195,000 and $135,000,
respectively 2,543,000 1,626,000
Prepaid inventory 241,000 168,000
Prepaid and other current assets 148,000 123,000
------------- -------------
Total Current Assets 9,369,000 8,729,000
Property and equipment, net of accumulated
depreciation of $2,048,000 and $1,739,000,
respectively 3,418,000 3,512,000
Brand names 1,029,000 1,029,000
Deferred financing fees, net of amortization
of $88,000 and $50,000, respectively 52,000 85,000
------------- -------------
Total assets $ 13,868,000 $ 13,355,000
============= =============
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities:
Accounts payable $ 2,648,000 $ 2,310,000
Accrued expenses 208,000 196,000
Dividends payable 85,000 83,000
Recycling fees payable 99,000 111,000
Line of credit 2,951,000 3,095,000
Current portion of long term financing
obligation 80,000 71,000
Current portion of capital leases payable 61,000 56,000
Current portion of term loan 163,000 152,000
------------- -------------
Total current liabilities 6,295,000 6,074,000
Long term financing obligation, less current
portion, net of discount of $614,000 and
$626,000, respectively 2,231,000 2,247,000
Capital leases payable, less current portion 121,000 153,000
Term loan, less current portion 490,000 576,000
------------- -------------
Total Liabilities 9,137,000 9,050,000
------------- -------------
Commitments and contingencies
Stockholders' equity:
Series A Convertible Preferred stock, $10
par value, 500,000 shares authorized,
32,941 and 46,621 shares issued and
outstanding, respectively 329,000 466,000
Series B Convertible Preferred stock, $10
par value, 500,000 shares authorized,
52,507 and 80,415 shares issued and
outstanding, respectively 525,000 804,000
Common stock, $.0001 par value, 19,500,000
shares authorized, 11,207,769 and
10,885,833 shares issued and outstanding,
respectively 1,000 1,000
Additional paid in capital 23,478,000 22,924,000
Accumulated deficit (19,602,000) (19,890,000)
------------- -------------
Total stockholders' equity 4,731,000 4,305,000
------------- -------------
Total liabilities and stockholders' equity $ 13,868,000 $ 13,355,000
============= =============
<<<
Form 4s filed.
http://www.otcmarkets.com/stock/REED/filings
Kombucha Sighting in Earthfare's Flyer:
Go to Earthfare's website. Click "Your Savings" on the top row.
Open the "Monthly Flyer." About five pages in, it features Reed's Kombucha with a 2 for $5 deal that saves 58¢.
CEO Chris Reed said it's just as expensive to produce one bottle of kombucha as it is a ginger beer, yet it's selling for $2.50 per bottle on sale and $2.79. Think about these margins...
"Could Test $11"
From SmallCapNetwork, October 10:
"What's interesting is the move came on no news, which is far more compelling to me than an obvious move on favorable news. Why? In small cap cases such as REED, it often means you've got some large shareholders, whether it's funds or insiders who aren't willing to part with shares.
Based on recent data, the stock has an insider holdings percentage of over 40%, which when compared to most small caps is extremely high. That tells us management is confident about what they're doing.
When you've got large players in a stock not willing to part with much of their position, it often creates a perfect supply and demand storm for the stock.
The Company is set to report third quarter numbers on November 13th, so there's plenty of room for the stock to move up from here going into their earning's numbers.
From a technical perspective, what happened yesterday could be a nice prelude of things to come. If you have a look at the monthly chart, the stock spent August and September testing a complete 5/8 retracement from its all-time high to its all-time low.
Twice it tested the $7.16 level and failed. Yesterday, three times a charm. Shares of REED broke above that $7.16 level and is being well rewarded this morning currently trading at $7.71 as I type.
I suspect if large holders continue to be patient, the stock could test its all-time high of just under $11 before it's all said and done. That would represent over 100% gains from our initial entry."
http://www.smallcapnetwork. com/REED-Runs-for-SCN-Members-Indexes-Hunt-for-Bottom/s/article/view/p/mid/7/id/1173/ (copy and paste, remove space between .com.
If you are not a member you can't send PM's.
You can email me at.......
Did you get the previous message in your public mailbox and email Inbox?
I used to subscribe to iHub when I was trading more regularly. But with a new day job, my trading has gone down and I stopped my subscription. I can give you my email address for PM'ing.
On Ihub, PM means"private message". I accept them for private conversations.
Sorry, but what is PM?
This calls for a strong stomach. It will rocket up and down as ideas of a settlement come and go. Not for the faint of heart. I believe it will be resolved in a week or two, or it goes to trial. They have the top patent lawyers in the country aboard. Many big players have bought deep into this. If you want we can PM on it as it progresses.
Thanks for the email! Sorry - I completely mistook which stock you were talking about. I need to look into it but it seems to have popped somewhat already. Were you in before this recent 50% move?
DarkLady, which one did you pick? If you dont mind, can you send me a private message?
I had to make a change. I sold nearly half my position. I have another stock that can triple in two weeks, had to go for it. We shall see.
Yeah, I saw the volumes on the down side - they were all small trades. Btw, I picked some more up at 6.60. Am maxed out on other accounts or else would have bought some more.
I trade the weekly. It still looks very good. As I stated before it is a yo-yo, The big boys buy and when they stop, the little boys sell. Look at the size of the trades going down versus up.
What a roller coaster ride with this stock!!! First it blows through the $7 level and then crashes to cover all gaps on the downside. It did not break the 5 day EMA which is great and it should be able to resume its upward journey with higher highs and higher lows.
Any news to catapult it through the $7 mark? I did not see any. Technicals look good. DarkLady is an expert so I will let her comment on it.
Of course, one again. We had one last night, with dinner. Sorry I didn't announce it!
Hopefully, you'll be able to have a Virgil's root beer float, soon.
With vanilla ice cream, of course.
She keeps bumping her head against the $7 level.
One of these days she'll crack it.
My take? If you look at the 2 year chart, the sp drifted off on the selling he mentioned. Without it, the stock would have gone to $3.50-$4.00.
The recent gains in the stock price may be a result in overshooting where it might otherwise be had it gone along at a normal pace through 2012.
Hence, you're seeing some consolidation here as it digests the buying that ran the sp to $7.
BWTHDIK? I could be all wrong. ( ;
Great notes, stockerzz1! Appreciate the time and effort. Sales looking pretty good at north of $30 million. Any idea what the EPS might be for the year?
This is good news that Kombucha is growing like crazy. However, his comment that the price should be between $3.5 - $4 might zing this stock. What I did not understand is why tax selling at the end of 2011 would have caused the recent run-up. I hate it when after-hours starts showing such a wide spread in stock price.
Part Three - Tidbits from the Conference:
3:48 - Kombucha is moving unlike any other product Reed's has created.
3:49 - Institutional investors have invited Chris to a meeting that starts in 12 minutes in NY. Thirty investors show up to plant tomorrow.
3:50 - Kombucha is doing well because the drinkers recognize authenticity. Baltimore Expo drinkers were overwhelmed with them.
3:56 - Recent run up is exaggerated because at the end of 2011 a big institutional investor got out and there were lots of tax selling. Stock should have been between $3.50-4.00. Chris thinks that Annie's going public helped Reed's because of the awareness of companies in the natural arena.
3:59 - "The stock may have run-up, but we're going to keep growing the heck out of this company. I have to go, I have a meeting with an investor in one minute."
Part 2 - Tidbits from Conference Today:
3:20 - Nausea Relief has gotten a relaunch with new language that the FDA made them retool. It's now available on some cruise lines and continues to do well for what it is.
3:22 - Continue moving past brands in IRI, up 33% last year.
3:24 - Think their brands still have room to grow in grocery and think they could reach over $60 million down the road.
3:27 - Reed's SQF certification is prestigious and allows them to attract big private label contracts.
3:29 - Three tiers in place: 1) Branded 2) Private Label 3) Kombucha
3:30 - Revenue on track north of $30 million in 2012.
3:34 - 2013 growth should stay on track with their recent growth.
3:39 - Part of Whole Foods has picked up kombucha, hope to get full corporate approval soon.
3:40 - Reed's has standing acquisition offers, when they're ready to retire they will do it. Not in a hurry to get sold, but if someone comes in with a "ridiculous offer, it will be hard to let that go."
3:42 - Kombucha adds 10-15% of margins onto business
3:43 - Developing marketing for kombucha, will most likely do it later though.
3:44 - Talking with some branding experts for a possible re-branding of the Reed's labels. Reed's is the first company in America to put a label on a curve like the kombucha bottle.
Part 1 - Tidbits From The Conference Today:
3:05 - Reed's uses 7700% more ginger in our drinks that Canada Dry.
3:13 - Sales currently comprised of: 40% Reed's, 40% Virgil's, 10% private label, 10% other non-beverage items.
3:14 - People who drink kombucha fill their shopping carts with it
3:15 - Demand at stores where kombucha is currently sold is greater than demand for all other Reed's products.
3:16 - Kombucha in 750 stores right now within 1.5 months.
3:16 - By the end of November they will have kombucha in about 1,500 stores.
3:16 - Think they will have kombucha in about 2,000 stores
3:17 - Some stores have contacted them only to get their kombucha.
3:17 - Some large stores have commited. Kombucha is "doing tremendously well and our focus is keeping up with sales."
Iam not worried. An analysis of todays action was explanatory. On the way up the buys were big. some 2 to 4 thousand, lots of larger small buys. These people are not flippers, they are in. When they stop buying a few sell, starting a decline. A few more sell and then the panic starts. all the sells on the way down were very small. I only saw 1, 2 hundred. Very few 3 and 4 hundred. I believe there will be some good news. The Q just ended, it won't be available until about mid November.
LOL!
Remember what I told you, DL? I open my mouth and it sells off. It gave up all of its gains from yesterday and today. I was hopeful I'd prove myself wrong today but no, REED proved me right again.
Can someone tell me what happened here? There wasn't any sustained selling at all - very low volume of 5K or less in sells followed by equal buys. I guess with such a small float, it can cause huge gyrations in the price.
Oh well, I am taking the wow of silence till something eventful happens. Thank God I did not double up on the move in the morning today - I thought we were onto something here with the moves before tomorrow's conference.
Definitely going to have a Virgil's Zero Root Beer float, vanilla of course, with dinner.
I think there are things going on in the background that we are not aware of. The big boys will have the first moves. We are just along for the ride. It could be market penetration, increase in private label, or my favorite, a possible buy out. JMHO of course.
DarkLady, slojab, stockerrz,
I couldn't hold myself back today. To say the least, I have been thrilled at the moves yesterday and today. Stock has been showing some true grit.
The appearance at all these conferences is helping a lot. I hope more institutional investors step up to the plate. Do post if you have any more information.
I see that too. Holding off on signing up for now.
Regards..........
I was going to listen but they want too much personal information.
REED to present again at RetailInvestorConferences.com via a Webcast on the 4th. They are doing their best to get exposure. Good Luck to them and to us.
Great post stockerzzz. Thanks for the update.
Wow! 300-400 stores came online in the last week itself? I am hoping this translates to even better revenue. I was out at the local store today and found it pretty well-stocked. However, it was up on the top rack and a little hard to reach.
Couldn't find someone fast enough to figure out if they were selling them in large numbers or not.
Chris Reed: Kombucha Sales Should Approach $5 Million for the Year
The recent press release has the investor conference webcast recorded.
Some highlights:
Around 14:00 the kombucha talk starts, Chris says, "So we jumped into that category. It already has a run rate of a couple million after the first month. At the end of the year, it should be running close to $5 million per year.
You know it's really hard to predict these things, the $200 million (total kombucha category), if we can grab $15-20 million we will consider that a modest success. If we get to $100 million, we'll feel like we really did an aggressive good job for the company. But you know what, it's at its infancy. We don't know, but it's what you can expect from an aggressive, nimble, young company that scrapped to stay in business and is now moving into profitability."
Now what does this do? Based on modest projections, we might be doing $.06 to $.10 in earnings per quarter next year with the addition of this. From a company that wasn't profitable last year."
31:30 - Current distribution of kombucha: "We're in about 500 stores and the last 300-400 came in within the last week."
"We started out in the West Coast about a month ago.... There's not enough data points but it's like I just launched 10-20 new Extra Ginger Brews... It looks good right now, these things fly...We look good. We just hung out at the Baltimore Natural Products Show and we were at the front of the show. We weren't at the show, we were the show. We gave over 10,000 bottles out, and the feedback we've gotten back has been very exciting."
Don't think we will get a bounce from this conference. We will see the result if more come aboard.
Anyone hear the conference presentation? I stepped out for lunch and missed it completely. Any good news? Doesn't seem much of a bounce in the pps from where it was.
Worden is great, the best. I am still holding for a buy out offer.
I completely agree with you DarkLady!
As I mentioned in a couple of my previous posts, the drops were on very small trades. I just hope there is something good coming out of this stock before any major happenings which can adversely affect the market, i.e. China slow-growth, fiscal cliff, employment or the lack thereof, etc.
The great part about this company is that only 11.3 M shares are outstanding and that helps the stock move really quickly. Any others you have on the horizon? I have been looking at APP, S and MNKD. Not bought them yet.
Btw, I had tried using Worden Brothers back in the DotCom days but never bought it. It is a great charting tool.
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