Replies to post #38310 on Drinks Americas Holdings, Ltd. (DKAM)

[Spartak]

Hey, Sneaky, thanks for your informative posts, but as for the price I'd like the stock to stay at this level a little bit, so I could accumulate. Sorry for being selfish :)

[LOL]

The price of the stock is still over valued, so it doesn't matter how many kegs this one store sells. With a market cap of over $8M, and current yearly sales of $2.5M, it's over valued as of now. Let's also not forget Drinks Americas is 1 of 3 partners in the Kid Rock beer, so only 33c of every dollar sold can be put toward Drinks Americas sales, which means to justify the current market cap they will have to sell about $18M worth of Kid Rock beer, which I don't see happening for at least 1 year, and by then who knows how high the outstanding shares will have gone to.IMO