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The earnings showed good growth in sales and

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investora2z   Wednesday, 11/27/13 12:24:27 PM
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The earnings showed good growth in sales and decrease in loss per share for the third quarter. The net sales increased by 36% to $25.34 million. Nutritional product sales in international markets was an important contributor to growth with 28% rise to $7.89 million. For the nine months ending September 30, the net sales increased to $73.38 million compared to $50.56 million in the first nine months of 2012. The net loss declined from $15.9 million or $9.62 per share in the nine months of 2012 to $13.7 million or $2.07 per share in the nine months of 2013. Growth has never been a problem, and now the net loss is also declining. Current growth strategy includes increased penetrations of both the domestic and international markets and improved marketing / branding. For improving margins, the company is making efforts at streamlining the operations and seeking operating efficiencies in all areas. Its agreement with Costco (COST) and collaboration with Arnold will help increase the pace of growth. As mentioned in an article on SA, if supplemental and proactive nutrition market continues to grow at current rates, the total domestic market could be around $30 billion in 2014/15. So there is a strong possibility of the company being able to continue the good growth story. The analyst predicted that a '1% share of the market could see a price per share upwards of 24-32 dollars pending total outstanding shares at such a time. Even in the event of substantial dilution moving forward (current outstanding share estimates are at about 8.8 million) a price target of 18-21 dollars by 2015 would be more than reasonable.' Once it moves closer to profitability, we could see a significant upside in the shares. The presence of investors like Dr. Phillip Frost is always reassuring. He remains on the lookout for synergies between the various companies owned / controlled by him.

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