Guess what happened after the 04/24/14 to the BRGO PPS? Has it been a screaming buy ever since? More importantly are the convertibles almost done?
Post 89894
Today's BRGO recap and why it's an underpriced gem.
Slow trading the last several weeks as VFIN and VNDM preside over the ask and dribble out the last of the convertible shares. Buyers bid sitting as they wait for a share dump that may never come.
BRGO on the edge of all convertible termination and finally trading outside the shadow of toxic financing. BRGO launching the stunning faccia a faccia line to retail beginning in June, not coincidentally, right after the JCK show. Who will win the F a F sweepstakes???? Will it be the big wholesaler circling the collection for the past 9 months? Sterling(Signet subsidiary who owns Kay and Jared)? Both???? Who knows but one further non-coincidence is that Berge captioned an ad for Faccia a Faccia recently with: "Every kiss begins...faccia a faccia", a nearly word for word reprint of Kay's classic (AND TRADEMARKED!) slogan.
Bergio now humming along with $2M annual revenue(can't wait to see the 1st Q 10Q, Berge hinted at a strong quarter with: "2014 got off to a fast start") 3 1/2 to 1 asset/liability ratio, and nearly $2M in inventory.
BRGO a buy now? A SCREAMING one, IMHO!