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They keep growing despite your interpretation of the numbers. Growth is growth regardless of the parameters you put on it. In a way, it is really a silly argument to debate whether or not they have grown. The numbers speak for themselves. Anyone interested in knowing shouldn't listen to either of us. They should just go look at the numbers.
Every quarter they keep growing and every quarter you say growth has stopped. What is wrong with this picture? If you hate the company so much, why are you so interested in it?
JAMN is now selling Marley Coffee directly to consumers thru their own website. It should help their profit margin because now they are getting the retail price. They also have a subscription service so anyone who signs up gets monthly delivery of the coffee. Recurring business at a retail price. Nice!
Thanks for sharing this article. It's good news for Marley Coffee.
How can you tell when someone does an Ask Smack?
I agree with you. I think those who predicted 10 cents by the end of the year will be proven to be wrong. We'll know for sure in just under two weeks. JAMN's extraordinary sales growth should send the stock higher next year.
Yes, you are right about international margins being much higher. It is commonly known that overseas customers pay a premium for foreign goods. The shipping costs are paid by the importer and passed on to the consumer. It is the reason so many US companies have expanded overseas. It's where they can be most profitable.
Good luck! You should do fine if you have a good location.
To me, is doesn't really matter why they lowered the price on the bike caffes. A lower price should mean they will sell more of them and it turn JAMN will sell more coffee on a recurring basis. Plus Marley Coffee gets more exposure to more customers. That's all a good thing.
Just read the License Agreements. It's public information. I don't want to do it for you because you may not accept it if you don't discover the information on your own. I also had some difficultly understanding it until I read the license agreements. You also have to look at the exhibits if you want to understand about the international trademarks and branding.
That's right. JAMN is supplying Marley Coffee to a coffee shop in South Korea. According to Rohan, there will be more to follow.
They also pointed out they are now selling in South Korea. There was a lot of speculation that the Marley Coffee being sold there wasn't part of JAMN. There international expansion has been quite impressive.
Go here and you'll see the letter to shareholders:
http://irdirect.net/filings/viewer/index/1334586/000158069514000555/4
I don't understand why you keep saying JAMN has lack of growth this year when they are going to exceed $10 million in sales. They only had $5.6 million in sales last year and $1.8 million the year before that. Their growth has been explosive. I know you like to look at quarterly numbers so last quarter was $2 million, this quarter was $2.5 million, and next quarter is reiterated in the letter to share holders at over $3 million. It really doesn't get any better than that. They were right about the $10 million for this year so I have every reason to believe they will be right about the $20 million for next year.
JAMN is continuing to grow rapidly. In their letter to shareholders, they reaffirmed the $10 million sales target for this year and said they have a goal of $20 million for next year. They should easily be profitable once they take out all the expenses related to growing the company, but that most likely won't be for quite some time. Right now, they are prioritizing growth over profitability.
If you look at each increase in distribution separately, then it looks like a small increase. You need to look at the cumulative affect and then you'll understand that JAMN is growing very rapidly. We'll soon find out who is right in the quarterly report. Anything between $2.5M - $2.75M will mean they will in all likelihood make their $10M goal.
Thank you Tmoney. I apologize for not responding to you sooner. I was trying to confirm whether or not the EcoCups will be compatible with the Keurig 2.0. I found this video on the Marley Coffee website that seems to contradict the news release. If I remember correctly, the video came out after the news release, but I'm not able to verify the date so I'm not sure. At the end of the video, it is stated that no Marley Coffee will be compatible with the Keurig 2.0.
I don't know how significant this will be because as Brophtron pointed out in his post #6804: "I do wonder how quickly people will switch to Keurig 2.0; I don't think it's a compelling reason for people to buy a new machine; most people just use what works". If he is right, the compatibility won't matter in the short term and it could potentially be resolved in the long term. Keurig is making side deals with coffee companies to allow compatibility with the 2.0 and there are also law suits against Keurig that depending on the outcome could open up the technology to everyone.
http://vimeo.com/107155324
I found this article on the internet:
“Marley Coffee is a brand symbolizing peace and antiwar by Jamaican reggae singer Bob Marley. It uses Blue Mountain coffee beans from a farm directly operated by his descendants. This past September, the first branch opened in Itaewon and next January, RTD (Ready To Drink) products will also be launched. Marley C&V International has an exclusive license for Marley Coffee and related products for Korea as well as distribution rights for the Asia region.” https://leeseunggiforever.wordpress.com/2014/10/28/congratulations-seung-gi-to-be-model-for-marley-coffee/
JAMN may have given Marley C&V an exclusive sublicense for Korea and Asia, but I still don’t understand how they got around the licensing agreement between Fifty-one Hope Road and JAMN which clearing states: “the company may not open retail coffee houses utilizing the Trademarks”. Is it possible they only consider the logos as the trademarks? I also noticed that the licensing agreement between Fifty-One Hope Road and JAMN states that JAMN has the rights to sublicense “Marley Coffee”. I hope JAMN will shed some light on the Marley C&V International deal in their next quarterly report.
This is from the 10K:
“Through a licensing agreement with Fifty-Six Hope Road (described above under “Item 1. Business” – “Current Business Operations”), the Company has the worldwide right to use, and sublicense, the intellectual property rights in and to the late reggae performer, Robert Nesta Marley, professionally known as Bob Marley, including “Marley Coffee”, in connection with (i) the manufacturing, advertising, promotion, sale, offering for sale and distribution of coffee in all its forms and derivations, regardless of portions, sizes or packaging and (ii) coffee roasting services, coffee production services, and coffee sales, supply, distribution and support services, provided that the Company may not open retail coffee houses utilizing the Trademarks.”
I thought that too about Marley Coffee Korea not being part of JAMN, but when I looked at their Facebook page, I saw pictures of Rohan. Plus the article that you posted earlier today has Rohan saying they opened the cafe in September and there are more to follow.
Does anyone know how JAMN opened a Marley Coffee Shop in Korea when the Licensing agreement states: "the Company may not open retail coffee houses under the Trademarks"?
I agree with you that Starbucks and JAMN don’t play in the same league. I just wanted to point out that neither company showed growth when looked at on a quarterly basis, but both had significant growth when looked at on a yearly basis.
You asked me if I can list any positives for JAMN. Yes, I can, but I can also point out the negatives. This is what I see for JAMN:
Positives:
Strategic Partnership with Mother Parkers
The “Marley” name is a strong global brand
Excellent annual growth rate
Eco Cup technology
Strategic Partnership with “Sparkling Drink System” and “Bevyz”
Potential to open coffee shops with Jammin Java branding
Negatives:
They are out of cash again - need a cash infusion
Customer acquisition cost is too high - need a more cost effective way to grow sales
Gross Profit margin needs to be higher
Dilution or debt depending on how they raise capital
Eco Cup is not compatible with Keurig 2.0
I’m sure I can think of many more pro’s and con’s, but that’s it for now. Every stock has risk and JAMN is no exception. The next quarterly report will need to show $2.5 million or higher to have a shot at making their $10 million target.
I took your suggestion and took another look at the Starbucks Income Statement. All of the last three quarters were lower than the quarter ending Dec. 2013. So I guess I was right about no growth for the last three quarters. It's the same way you interpret JAMN's numbers when you say there was no growth for the last three quarters.
Starbucks has also had three straight quarters with no growth, yet they continue to open more coffee shops. JAMN just needs to stay the course with growing the company, but at the same time figure out how to lower expenses. JAMN has had significant growth when looked at from a year to year perspective. They paid for that growth and now it is time to dial back on the expenses. I think when MP made their investment in JAMN it had more to do with the future potential of the company than it did the price of the stock. Having said that, I'm sure they are not happy with the stock price taking a tumble. Hopefully it is only a short term setback. The next quarterly report will speak volumes.