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maxluke1

05/28/21 1:26 PM

#87651 RE: maxluke1 #86518

JVA - added more at 5.70. Coffee futures remain strong. I could be wrong, but looks promising.

https://finviz.com/futures_charts.ashx?p=d1&t=KC

They report mid-June. Not expecting anything huge, but seems like a nice setup. And there's the CBD infused coffee hype that might be good for a pop.

From last earnings:
With the price of green coffee at three year highs, we are no longer experiencing the downward pricing pressure of the previous three years which saw coffee prices languish below a $1 per pound for extended periods of time,” continued Mr. Gordon. “Those low commodity prices had a negative impact on the margins of our sales of green unroasted beans as well as forcing us to discount prices of our private label and branded products to remain competitive in a low priced national retail coffee environment.

“Although sales decreased by approximately 6% compared to the first quarter of last year, we believe that as businesses continue to reopen, and the new customers we were able to attract over the last several months, we will begin to see a return of positive quarter over quarter revenue growth.