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Mannatech, Incorporated Message Board

  • investora2z investora2z Apr 21, 2013 11:48 AM Flag

    Needs to remain net positive

    MTEX remains on a uptrend with a 60% rise on a 52 week basis. If the 52 week low of $3.35 (May 2012) is considered, it is up 126% in less than a year. It is trading above its 50 and 200 DMAs. The 10 day volume average is double the 3 month average for this relatively illiquid stock. The strong upmove was based on the fact that it showed a profit in the 4th quarter of 2012 compared with a net loss of $6.97 million in Q4'11. Importantly, the recent turnaround is expected to continue, and the Q1'13 results are expected to continue with the positive trend. The stock will obviously follow suit and it is quite possible that the 52 week high of $7.90 may be challenged soon. With the market growing fast, the development of new products remains the key to success. In the segment where MTEX operates, new products are being launched all the time like the recent launch of PURENERGY by ChromaDex Corporation (CDXC). The product is a low caffeine dring containing CDXC's proprietary ingredient pterostilbene which has been a great success in the past. Meanwhile, MTEX recently expanded operations by the official opening in Hong Kong. MTEX has always been a supporter of “open innovation” and develops products based on inputs received from the consumers and other members of the industry / supply chain. The growth in revenue has been supported by products like NutriVerus which is based on this concept. Despite the recent run, it is still trading below its book value of $7.64 per share and the price to sales is 0.10. This obviously is related to the lack of profitability on a net basis. Once the situation changes over the next few quarters, it is highly probable that the stock will try to fill this valuation gap. The earnings over the next few quarters will be the key.

 
MTEX
22.00-0.67(-2.96%)Mar 3 3:57 PMEST

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