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RLGY...Realogy Holdings Corp.
RLGY Options Chain
MU...Micron Technology on earnings surprise!
Marketwatch: Micron profits from memory price spike, expects party to continue
MU April17 27.5 Calls @.95
XRX...Xerox Corp.
XRX Option Chain
May17 $8 calls @ .05
Coffee Holding Announces Execution of Agreement to Acquire Sonofresco
STATEN ISLAND, NY / ACCESSWIRE / June 24, 2016 / Coffee Holding Co., Inc. (JVA) ("Coffee Holding" or the "Company") announced today that it has entered into an Agreement for Purchase and Sale of Assets (the "Agreement") with Coffee Kinetics LLC, a Washington limited liability company, doing business as Sonofresco ("Sonofresco") for the purchase of substantially all of the assets of Sonofresco. Founded in 1999, Sonofresco is a manufacturer of commercial table top coffee roasters and a wholesale supplier of green coffee beans. Sonofresco's customers include retail coffee and home roasting businesses and Sonofresco oversees importers in the Asian, Australian and New Zealand markets. Revenues generated by Sonofresco are split almost equally between sales of roasting machines and sales of unroasted green coffee beans. Jerry Whitfield, the head of Sonofresco, will continue to serve as an advisor to our Sonofresco business. The closing of the transaction is subject to customary closing conditions and is expected to close on or about June 30, 2016.
"This is a very exciting transaction for us," said Andrew Gordon, President and CEO of Coffee Holding. "Sonofresco expands our already extensive reach in sales of high end specialty gourmet Arabica coffees by giving us access to Sonofresco's significant customer base, which will more than double the number of our green coffee customers. In addition, through the synergies of this acquisition, we will be able to offer Sonofresco customers our extensive list of over 90+ specialty Arabica beans which were not available to them before. We intend to expand Sonofresco's roasting machine sales both domestically and in the overseas market using our highly scalable platform with our established relationships, market reputation and presence and our overall financial capabilities. We intend to vertically integrate Sonofresco's current business model by offering products complimentary to their table top roasters, such as grinders and espresso machines, in order to give customers a more complete turn-key roasting operation. We expect that this deal will be accretive to both our bottom and top line numbers," continued Andrew Gordon, President and CEO of Coffee Holding.
https://finance.yahoo.com/news/coffee-holding-announces-execution-agreement-130000734.html
Wrong board..you can find HCEI board here:
http://investorshub.advfn.com/Healthy-Coffee-Intl-Inc-HCEI-11436/
Coffee Holding Co., Inc. Reports Results for Three Months Ended January 31, 2016
http://ih.advfn.com/p.php?pid=nmona&article=70733929&symbol=JVA
STATEN ISLAND, New York – March 11, 2016. Coffee Holding Co., Inc. (Nasdaq: JVA) (the “Company”) today announced its operating results for the three months ended January 31, 2016:
Net sales totaled $22,805,397 for the three months ended January 31, 2016, a decrease of $15,600,582, or 40.62%, from $38,405,979 for the three months ended January 31, 2015. The decrease in net sales reflects lower coffee prices during the quarter and our reduced wholesale transactions with Keurig Green Mountain, Inc. (“GMCR”) of approximately $15,541,000.
Cost of sales for the three months ended January 31, 2016 was $20,154,348, or 88.38% of net sales, as compared to $36,484,535, or 95.0% of net sales, for the three months ended January 31, 2015. Cost of sales consists primarily of the cost of green coffee and packaging materials and realized and unrealized gains or losses on hedging activity. The decrease in cost of sales reflects lower commodity prices during the quarter and our reduced wholesale transactions with GMCR.
Gross profit for the three months ended January 31, 2016 was $2,651,049, an increase of $729,605 from $1,921,444 for the three months ended January 31, 2015. Gross profit as a percentage of net sales increased to 11.62% for the three months ended January 31, 2016 from 5.0% for the three months ended January 31, 2015. The increase in gross profits was due to improved margins on our wholesale and roasted business as well as a decrease in our losses quarter to quarter on our hedging operations.
Total operating expenses increased by $21,718 to $1,840,810 for the three months ended January 31, 2016 from $1,819,092 for the three months ended January 31, 2015. The increase was primarily the result of an increase of $10,603, or 0.6%, to $1,676,960 in selling and administrative expenses for the three months ended January 31, 2016 from $1,666,357 for the three months ended January 31, 2015.
The Company had net income of $439,569 or $0.07 per share basic and diluted, for the three months ended January 31, 2016 compared to net income of $71,801, or $0.01 per share basic and diluted for the three months ended January 31, 2015. The increase in net income was due primarily to the reasons described above.
“Despite a severely depressed commodity price backdrop along with a significant decline in sales volume to our largest green coffee wholesale customer, we still managed to deliver our third consecutive quarter of positive earnings results. We achieved these results through growth in our three key business areas. We experienced an increase in poundage sold in our specialty green coffee business but in terms of dollars, our sales were lower by $564,000 due to low commodity pricing as the coffee market was down over 30% year over year. Sales of our private label coffees were up by 4.5% in terms of cases and by the same amount in their dollar equivalent. Our flagship brand, Café Caribe, showed a 10% increase in case sales versus the first quarter of 2015, as additional distribution in the Midwest and Texas markets improved these overall results. With the coffee market stabilizing at current levels, and what we believe is the end of a 26 month decline in which coffee prices dropped from $2.25 to a low of $1.11 per pound, we believe that we will see continued increases in both case sales and green coffee poundage sold but at a higher dollar equivalency. Increased sales combined with improving margins should provide us with a positive headwind for the first time in several quarters,” said Andrew Gordon President and Chief Executive Officer of Coffee Holding Co., Inc.
Mr. Gordon continued, “Our business remains healthy and we will look for additional ways to continue to improve our margins in addition to growing our already diverse customer base. Although we are experiencing a downturn in revenues from our largest green coffee wholesale customer, we do have contractual arrangements with that customer through calendar 2017 and we believe we will continue to maintain this arrangement for the foreseeable future even if not to the same levels of concentration as in previous years. We do not anticipate this change to materially affect our ability to generate a healthy level of profitability in our overall business model.”
I'm going to go out on a limb
and say there's probably no Mom and Pop in this operation.
That sounds a little optimistic and hope is a lousy strategy in this hood.
Sorry but the RDAR Board Mod is doing three long in ihub jail.
He won't be able to cut and paste until 07/17/2018.
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..or just click on the obnoxious ad on every page of Ihub to see their disclaimer.
Buyer beware. This is the downtown express!
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10/29/15 Dead & Company
Times Union Center-Albany, NY
Set One:
Playing in the Band
Cold Rain and Snow
Tennessee Jed
Feel Like a Stranger
He's Gone
Bird Song
The Music Never Stopped
Set Two:
Lost Sailor
Saint of Circumstance
Help on the Way
Slipknot!
Franklin's Tower
drums
space
The Other One
Stella Blue
Not Fade Away
Encore:
A Touch of Grey
Thanks to TaperRob:
Set1: www.ustream.tv/recorded/76573576
Set2: www.ustream.tv/recorded/76580525
Barnes Group Inc. Completes Acquisition of Thermoplay
Barnes Group Inc.
August 12, 2015 4:15 PM
BRISTOL, Conn.--(BUSINESS WIRE)--
Barnes Group Inc. (NYSE:B), an international aerospace and industrial manufacturing and service provider, today announced that it has completed its acquisition of privately held Thermoplay.
www.businesswire.com/news/home/20150812006261/en/#.Vc6crpDiuhc
Thermoplay specializes in the design, development, and manufacturing of hot runner solutions for plastic injection molding applications primarily in the packaging, automotive, and medical end markets. Thermoplay’s headquarters and manufacturing facility are located in Pont-Saint-Martin in Aosta, Italy, with technical service capabilities in China, India, France, Germany, United Kingdom, Portugal, and Brazil. The company has annual revenues of approximately €35 million and over 200 employees serving customers worldwide.
Barnes Group purchased 100% of Thermoplay’s capital stock for €50 million and financed the transaction with cash on hand and borrowings under the Company’s revolving credit facility. Thermoplay will operate as a business unit within Barnes Group’s Industrial segment.
“We are pleased to complete the Thermoplay transaction and welcome its skilled workforce to Barnes Group,” said Patrick Dempsey, President and CEO of Barnes Group. “Thermoplay will allow us to leverage the many differentiated technologies and manufacturing capabilities we offer in the plastic injection molding industry, and broaden the end markets that we serve.”
About Barnes Group
Founded in 1857, Barnes Group Inc. (NYSE:B) is an international industrial and aerospace manufacturer and service provider, serving a wide range of end markets and customers. The highly engineered products, differentiated industrial technologies, and innovative solutions delivered by Barnes Group are used in far-reaching applications that provide transportation, manufacturing, healthcare products, and technology to the world. Barnes Group’s approximately 4,700 skilled and dedicated employees, at more than 60 locations worldwide, are committed to achieving consistent and sustainable profitable growth. For more information, visit www.BGInc.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150812006261/en/
Contact:
Barnes Group Inc.
William Pitts
Director, Investor Relations
860-583-7070
Blood in the streets and we have a JVA rally.
Coffee is my best friend.
http://finance.yahoo.com/q/ud?s=JVA
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