Replies to post #23709 on $tacks Upon $tacks Of Moolah (STAX)

[Dallas Boy50]

I found this in the last 10Q (unsp Mar 31 report)
It's the "manager's discussion" so take it FWIW.....

Overview

We are a specialty food distributor of truffles, caviar, wild mushrooms, smoked fish and speciialty game and foie gras to fine restaurants. We also sell our products to gourmet shops, supermarkets, wholesalers, distributors and private retail customers. We have a database of over 15,000 customers, including 5,000 accounts of which up to 2,000 are active at any one time. Our customers include some of the finest and most well-known restaurants in the country.

We are committed to providing our customers high quality products at competitive prices and credit terms, at a range of price points with short lead times. We serve our customers through two locations, one on the east coast in Long Island City, New York and the other on the west coast in Culver City, California. Both facilities include warehouse and refrigeration facilities from which we package and ship our products. We utilize our own fleet of trucks to handle local deliveries and for out-of- town deliveries we utilize common carriers, Federal Express and airlines. Our distribution infrastructure is designed to warehouse and transport our products in temperature controlled environments that ensure delivery in optimal conditions.

Based on industry reports, the specialty food industry is a $20 billion a year industry, which has grown at an annual rate of 5% per year since 2000. We believe that the industry is highly fragmented consisting of small and medium sized companies selling a limited number of items and as a result, there is an opportunity for consolidation. Our consolidation strategy is based on leveraging our industry knowledge, experienced management team, and brand recognition to acquire other specialty food distributors which market products that complement our current product lines, serve new customers or add geographic coverage to our existing operations. We intend to leverage our distribution infrastructure and combined purchasing power to realize operating efficiencies and reduce duplicative overhead.

[Capt_Nemo]

UBII?? YIKESSSSSSSSSSSSSSSSSS is so, runnnnnnnnnnnnnnnnnnnn