InvestorsHub Logo
Followers 27
Posts 1672
Boards Moderated 2
Alias Born 07/16/2006

Re: greasemonkeyshoes post# 18232

Tuesday, 05/22/2018 1:20:33 PM

Tuesday, May 22, 2018 1:20:33 PM

Post# of 19254
Grease, far be it that I am the voice of optimism on this stock, but I believe you have seriously underestimated management's competency in running a food brokerage business. At worst, iGourmet should be a drag on earnings in Q2 and Q3 of this year. This business always does best in Q4. Even if IVFH management does virtually nothing, I have to believe that iGourmet will contribute to earnings in Q4/2018.

As much as I may not like the way Sam treats his shareholders and the fiasco that was FD, these guys know how to run a food brokerage business. They will get iGourmet fixed in short order. It would not surprise me if iGourmet adds to the bottom line in Q3. This isn't rocket science. This is warehouse management and B2B sales.

Barring a collapse of the economy (always a possibility, however remote, given the people running the country), I expect IVFH is $1.20 to 1.35 per share by year end. The one major caveat is whether the former owner of FD can now sell shares. If he can, all bets are off. Go home and tune back in about 2 years from now.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent IVFH News