Innovative Food Holdings Inc (IVFH)

[greasemonkeyshoes]

other worst case:its biggest customer's sale/balance sheet just deteriorated......
last q:
cash $90(million)
a/r $1455
long term debt $1460
Restaurant traffic change:
"Restaurant Traffic Implodes: New York, Seattle Plummet More Than 60%"
https://www.zerohedge.com/economics/restaurant-traffic-implodes-new-york-seattle-plummet-more-60
What if usfd delays payment schedule of its suppliers by another
30 days-ivfh cash would be -$1.5 million less
60 days-cash -$3.0 million less
90 days-cash -$4.5 million less
180 days-cash -$6+ million less
parameters used:
50% revenue are from usfc w/net 30

This is what I meant that MR. MARKET will dictate Sam what to do(but may be too late)!If Coronavirus impact is longer than 3 months,I believe the company's balance sheet would unable to sustain its normal operation.Again,this is my subjective opinion.

Due to pandemic,I will not touch this dog,and I would wait until eps=3c-4c before I pull the buy trigger in the 2022+.