Tuesday, April 07, 2015 12:52:27 AM
To me, hugely excessive for a company with revenues of slightly over $1M, with operating losses of $0.60 for every $1 in revenue (per most recent financials, Q3 14).
However, stock could move higher from current levels if the company were to publish its agreement with BMOC re: royalties, as certainly BMOC is investing substantial sums in the new format.
Though, hard to know what to think about BMOC and its business acumen; Mr. Henthorn is one heck of a salesman to have convinced Mr. Lehr that Baristas 'dominates' the western states. Heck, he has less than 10% market share in kiosks in his home market, SEA/TAC!! And, if we are to believe those who say that market is growing, BCCI share is shrinking as they have added no new stores in several years.
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