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Muscle Pharm Corp. Message Board

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  • coach2277 coach2277 Jul 5, 2011 2:25 AM Flag

    Management claims the stock is bottomed out

     

    Hi Trader, you brought a nostalgic moment for me when you mentioned "CHK",

    This is way off the topic of MSLP:
    It's just my walk down memory lane, so don't read it as it's impertinent.

    If I'm not mistaken, that was the old ticker symbol for Chock
    Full O' Nuts, a coffee company on the NYSE that traded in the 60's 70's, 80's, was later taken over, then consequently privately controlled.

    I may be wrong with the symbol and the content of this post, but it did bring back memories.

    Here's a cut and paste from a prior old old old article:

    By the late 1980s, Chock Full seemed ripe for a takeover. In 1986, however, Chock Full moved to enter the institutional food service market by acquiring Greenwich Mills Co. and the La Touraine brand for nearly $42 million, and quickly achieved a strong market share. In just five years, the company's retail sales, which had accounted for 85 percent of company revenues, accounted for only 30 percent. In 1991, the company acquired Hillside Coffee Co. of Carmel, California for $24 million, bringing Chock Full into the increasingly popular whole-bean retail market. The rejuvenated Chock Full saw its net earnings jump to $4.4 million on sales of $245 million in 1990. The following year, earnings doubled to $8.8 million.

    Sales held steady for the next two years. Then, in 1994, Chock Full decided that it was ready to re-enter the restaurant business. The company sold off its Hillside division to Gourmet Coffees of America, Inc. for $38.5 million in cash. It next completed the acquisition of Quikava, then a small specialty coffee franchise with only four restaurants, for $467,000. While pursuing plans to expand the Quikava chain, Chock Full moved to open a new chain of Chock Full o'Nuts restaurants, cashing in on the sudden surge of gourmet coffee bars, such as Starbucks, that swept the United States in the 1990s. By 1995, Chock Full's sales had jumped to $328 million, for a net income of nearly $5 million. For the future, Chock Full will have to overcome a somewhat "old hat" image; yet the Chock Full o'Nuts name has remained a strong source of goodwill.


    I know it's off topic. Just a stroll down memory lane for me! Thanks!

    This topic is deleted.
 
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