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Monday, January 29, 2018 2:16:08 PM
Today's PPS should yield you a nice ROI down the road ... maybe as soon as February 10th.
The tax benefits to ROX are less than 1% of debt.
If there is a choice between acquiring more inventory or paying down debt, it's better they buy more bourbon and lay down more barrels so they can sell more today and in the future sell their own distilled bourbon at even greater profit margins.
Even if they go GAAP black this quarter, the chicken and egg thing with ROX remains. In order to increase Jefferson's case sales, ROX needs more inventory.
That's why expanding KAD and the deal with BBCo is so important. But those are both over-the-horizon sources of bourbon. ROX needs ready to sell barrels this year in order to increase case sales.
They've been working on that.
http://investor.castlebrandsinc.com/releasedetail.cfm?ReleaseID=1053321
Hopefully they are sourcing even more to buy in a few months.
Supply is a stranglehold they have to get beyond.
Recent ROX News
- L'Organisme canadien de réglementation des investissements permet la reprise de la négociation - ROX • PR Newswire (Canada) • 12/27/2023 03:25:00 PM
- Canadian Investment Regulatory Organization Trade Resumption - ROX • PR Newswire (Canada) • 12/27/2023 03:21:00 PM
- Suspension de la négociation par l'Organisme canadien de réglementation des investissements - ROX • PR Newswire (Canada) • 12/27/2023 03:00:00 PM
- Canadian Investment Regulatory Organization Trading Halt - ROX • PR Newswire (Canada) • 12/27/2023 02:58:00 PM
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