Innovative Food Holdings Inc (IVFH)

[greasemonkeyshoes]

legacy issues on the table thanks to sam.....
it is all about the numbers and nothing personal.
structural vulnerability need to be addressed:
drive gross margin back up above 25%(of revenue) consistently vs historical 27% norm.
keep expense below 22% is a must,like what was achieved in the latest q,vs 30% norm.
what i like to see going forward(in term of revenue):
2023: both gross margin up 1% and expense down 1%
2024: repeat above
2025: repeat above
eps projection:
with 5% revenue growth and inflation effect passed on to customers
2023: 25-22+1(from growth)=4% or 2c
2024: 26-22+1.5=5% or 3c
2025: 27-22+2=6% or 4c
again i believe what urgently needed to be focus on is to maintain expense ratio at 22% or lower which is easier said than done.
i hope the new ceo is determined to re-transform the company back to 10%+ profitability many years ago,unfortunately this take time,and need to be slugged out 24/7.we should know how he was doing in q3,2023.