Replies to post #1153 on NewAge Inc (fka NBEVQ) (NBEVQ)

[NewJerichoMan]

For those of you tracking at home, REED spiked late in the day. Not sure why. Maybe they got some much needed financing?

REED has bounced from a bottom of $2.40 per share, up to $3.60.

In 2015, they had about $46M in revs and a $4M loss on the bottom line. TTM is worse with about $44M in revs and a >$5M bottom line loss.

They have a P/S ratio of 1.13 based on the approximately $50M market cap.

Unbelievable.

[NewJerichoMan]

Bucha Comparables

We continue to be very under-weight compared to the rest of the sector, despite reported superlative financials.

LTEA keeps correcting, down to $4 on some days. They've had an executive shake up, another stock offering to allow original / long-time investors an exit. It's gonna end badly. I re-started my short position on this stock.

REED, from $2.40 per share, is up over $4 most days now. They still have significant issues.

CELH drops to $2 but really no lower. Like us, they basically have no volume and just wait for news. I am long a few shares at $2.

I think I saw Iomab tweet about some of the issues with this company. I'm not personally aware of what they are. They are stuck where they are and unprofitable.

MNST isn't a comp for us but they've corrected downward as well.