Monday, April 03, 2017 11:28:47 AM
Still, the level of enthusiasm is far from off the charts. IVFH is a solid little company. It is much more solid now than it has been in nearly a decade. But this is still a low margin food broker. There is no monster upside here. This is a blocking and tackling business. A good operator can make a nice living doing this.
The big question is 'what does Sam do next?' Doing nothing over the long term is not a viable strategy. He has to do something. Once the debt is gone or on its way to being gone, Sam has to do something with his cash. He can (A) buy back stock, (B) pay a dividend or (C) make another acquisition. I believe he will do 20% of (A) and 80% of (C). He will at least stop the dilution by buying back the shares he issues each year or a little more. Then he will acquire another food broker. I think Sam has learned a lesson. He will stick to what the company does.
So now the question is timing. I would guess Q4, 2017 or Q1, 2018, assuming things go well between now and then. Could happen sooner.
Sam seeks redemption after the Fresh Diet fiasco. I have to believe he wants to put that episode in the distant past. He needs a win. He'll do what the company does well. JMO. Dickmo
Recent IVFH News
- Form 8-K - Current report • Edgar (US Regulatory) • 02/16/2024 09:10:44 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/02/2024 09:57:41 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/22/2024 10:09:18 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/12/2024 10:23:41 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 01/09/2024 07:19:49 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 01/04/2024 11:38:01 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/04/2024 10:17:27 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/04/2024 12:23:04 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/03/2024 09:24:10 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/15/2023 10:10:09 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/15/2023 09:01:53 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/17/2023 04:55:42 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/16/2023 12:35:25 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/09/2023 09:31:31 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/09/2023 04:01:30 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/18/2023 09:01:48 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/05/2023 10:36:23 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/21/2023 09:27:30 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/21/2023 09:09:03 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/21/2023 08:59:36 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/10/2023 03:01:06 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/12/2023 08:22:07 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/11/2023 08:03:28 PM
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