InvestorsHub Logo
Followers 0
Posts 74079
Boards Moderated 1
Alias Born 01/22/2006

Re: User-65225 post# 38126

Sunday, 07/23/2017 5:06:37 PM

Sunday, July 23, 2017 5:06:37 PM

Post# of 346662
Snakes DD: I fully expect margins to improve as they grow... The 2 Snakes locations + distribution have been supporting a good amount of overhead (including EcoPr03), for stuff like web design/maintaining thousands of products on the site, sales people that were getting the distribution segment going, accountants, lawyers, warehouses, etc, etc... but all of this infrastructure is in place now and capable of handling much more growth...

...and they are STILL turning a NET profit for 2 Q's in a row, after all of these startup/expansion expenses... Of course there will be additional expansion costs down the road, but for them to be able to support everything + avoid dilution, is impressive for the stage they are in... Frankly, i would not mind a small loss at this stage, even minor dilution, if it was used for rapid expansion.

2 Q's ago they collected $300,000 in NET profits on $1,500,000 in revenues... and now we are landing single orders that almost match that entire quarters revs.

A stready flow of sold financial reports are coming. This is the best time to find an emerging growth stock. All ya gotta do is be patient and let the seeds of prosperity grow.

Video tour of Snakes & Lattes:

The way the place is designed, its hard to see the size in a photo, but this video shows it well... and they pack this place often...

... and the new location will be even bigger/nicer/with more amenities, near the busiest foot traffic area in Canada...



My postings contain many opinions. So please do your own research
and validation.