Replies to post #25212 on Castle Brands Board (ROX)

[Schweinemeister]

Blue, That is the $1B question. I have been following this company since .89 on it's bounce in 2014 and lost a LOT of money. I actually thought they were trying to profit so I did like Funman tells us he does bought adding at various levels and then it turned below my cost and I held.

I don't believe they are trying to turn a profit and it trades like a slow churn long term pump and dump. I believe the big winner is Frost's Trust out of Las Vegas. A Vegas entity is protected against litigation unless you buy directly from the company or seller in Nevada. I believe Frost shorts against the box without repercussions. Getting in and out of the Russell helps as when they move above a dollar they can become a Russell 5000 stock forcing those Mutual Funds which track to buy. This pumps and heightened excitement which never seems to fade here on this board takes it up until the merrygoround stops. Then it slowly bleeds off until the shorts cover and support runs it back up again.

The BOD and director level execs seem to have an affinity for giving themselves options on no profit quarters. That's a red flag for Buffett and me.

To answer your question. IMO since we had a double top over a long protracted time frame and we have plunged the neckline I believe we will stop around .32, if not supported here. So much so I believe I will load there, if at all. Not trying to scare you, just don't think this company will A) Be bought until the buyer can get accretive earnings and B) Will remain a slow churn buy low/sell high low momentum issue, C) somebody's making money here, but not the common share holder, even the execs holding for the "selling" of the company; ain't happening.

I couldn't believe the President of this company, ole what's his name, Micky Spillane or something like that sold around .66 for a few grand, some sell shares to acquire others. I didn't look that close, so that tells me even he is kinda clueless, then there's Lazy Lampen...no news, not much forecast, boiler plate with tweak 10Qs & Ks. Effin' Lazy!

Another tell is when Acumen tells us he's covered, if he's so inclined. He appears to be a short seller.

[Jld3294]

I’m pretty sure the company can turn immediately profitable if they cut back on their marketing budget. But I’ve been waiting for them to do that for some time.

The market is telling ROX: “it’s time to turn a profit before we reward your stock price”

I’ve seen price movements like this several times in the past and for genuine companies like ROX, it normally results in a big lift in PPS when they turn the corner.

[FUNMAN]

irish2core - We are so thrilled our @knappoguewhiskey is included in this list of 15 Best Irish Whiskeys in @manofmanytastes! We wouldn’t be on such lists without our fan support, thanks to everyone for all the whiskey love! Sláinte! (Head to manofmany.com for the complete list.) ??????

https://www.instagram.com/p/ByIOb8rHbkY/

[FUNMAN]

Some are happy summer is back - goslingsrum - The perfect beach companion. ?? ?? ?? .

moffittbrower
All you need are some Wellfleet oysters to go with the Dark and Stormy

https://www.instagram.com/p/ByGLC52nZxM/

[FUNMAN]

You may not be able to take a tour of KAD, but Imbibitude did and took plenty of pictures.

Check them out.

Start at 1 of 67

https://www.facebook.com/KentuckyArtisanDistillery/photos/a.1400989096647388/2389790277767260/?type=3&theater

[FUNMAN]

Nice to see Jefferson's Reserve is sold at Twin Peaks.

Scroll down to "Bourbons".


https://api.twinpeaksrestaurant.com/wp-content/uploads/80682_TP_BevMenu_Franchise_Webster.pdf

[FUNMAN]

4th ROX blog of Saturday. It's news that came out May 15th. As if this was new news. Castle Brands Inc (NYSEAMERICAN:ROX) Position Lowered by Creative Planning
Posted by Don Gaston on Jun 8th, 2019


https://trentdailytimes.com/2019/06/08/castle-brands-inc-rox-stake-lowered-by-creative-planning.html


Creative Planning lowered its stake in shares of Castle Brands Inc (NYSEAMERICAN:ROX) by 47.7% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 59,826 shares of the company’s stock after selling 54,500 shares during the period. Creative Planning’s holdings in Castle Brands were worth $42,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Virtu Financial LLC bought a new stake in Castle Brands during the 1st quarter valued at $32,000. SG Americas Securities LLC bought a new position in Castle Brands in the fourth quarter valued at $39,000. FNY Investment Advisers LLC purchased a new stake in Castle Brands during the first quarter valued at about $40,000. Rhumbline Advisers boosted its position in Castle Brands by 49.0% during the fourth quarter. Rhumbline Advisers now owns 113,675 shares of the company’s stock valued at $97,000 after buying an additional 37,400 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Castle Brands by 4.3% during the fourth quarter. Geode Capital Management LLC now owns 854,698 shares of the company’s stock worth $726,000 after purchasing an additional 35,559 shares during the period.

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Shares of ROX traded up $0.02 during trading hours on Friday, reaching $0.50. 741,926 shares of the stock traded hands, compared to its average volume of 300,957. Castle Brands Inc has a 52-week low of $0.45 and a 52-week high of $1.42.


A number of equities analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Castle Brands from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 14th. TheStreet cut shares of Castle Brands from a “c-” rating to a “d” rating in a report on Tuesday, February 19th. Barrington Research set a $1.00 target price on shares of Castle Brands and gave the stock a “buy” rating in a report on Friday, May 17th. Finally, Maxim Group began coverage on shares of Castle Brands in a report on Friday, May 3rd. They issued a “hold” rating on the stock.

Castle Brands Profile

Castle Brands Inc, together with its subsidiaries, develops, markets, imports, and sells beverage alcohol and non-alcoholic beverage products in the United States, Canada, Europe, and Asia. The company offers premium and super premium rums, whiskey, liqueurs, vodka, tequila, wine, amaretto, and other spirits, as well as ginger beer and ready-to-drink cocktails.

[FUNMAN]

Knappogue Whiskey - Going to be another sunny, warm day in #Brooklyn for @bcbrooklyn! Stop by our booth for a refreshing boozy slushy! (Or if you prefer your #whiskey neat, our single malt range, including 2 of our cask finishes, is on offer too, along with some @JeffsBourbon!) Sláinte! ????

Going to be another sunny, warm day in #Brooklyn for @bcbrooklyn! Stop by our booth for a refreshing boozy slushy! (Or if you prefer your #whiskey neat, our single malt range, including 2 of our cask finishes, is on offer too, along with some @JeffsBourbon!) Sláinte! 🥃☘️ pic.twitter.com/akxpr9hboK

— Knappogue Whiskey (@KnappWhiskey) June 12, 2019