Innovative Food Holdings Inc (IVFH)

[Dickmo]

It's going to be years for the restaurant market to return. IVFH's customer base doesn't have drive throughs and take-out windows. They are exactly the type of restaurant that is going to be most hurt. The pandemic may effectively end by this time 2021, but it may be years before IVFH's wholesale business returns.

The question is how much more debt they can take on. If they lose another $5 or $6 million in 2021, they'll be back to the Fresh Diet days. They already lost $7.9 million in 3 quarters. I'll guess Q4 is a smaller loss - maybe $1.5 to $2.0 million. Then again, if this pandemic gets much worse in the next two weeks, we can kiss off expensive Christmas parties and dinners. Then the 4th quarter won't be much better than the other quarters.

They'll survive. I have contended for years that this company is effectively a privately held company masquerading as a public company. If they need money, they'll find it. The owners have too much invested to let it implode.