"...all brands recorded their highest month in history last month."
Yeah, but for all we know, June '16 could have been higher than June '15 by 0.5% and still be a record. We will never know, because the company is hiding something. These guys are playing games with the numbers instead of telling it straight, and investors hate such lack of transparency. Just another reason why the stock can't break $2.00.
It's not 22% growth Year/Year. Learn to read a press release before you make comments that embarrass yourself. The company invented an artificial metric to make themselves look better than they actually are, and you bought it. LoL! Typical penny stock shenanigans. And you're probably still wondering why the stock isn't flying on this "news". Hahahaha!!!!
Now that Xing is part of a public company, the target on their backs just got ten times bigger.
"In the case of Xing, the California suit focuses on the company’s use of citric acid in its ingredients — one that the lawsuit claims is not “all natural” even though Xing products are labeled as such. Additionally, the company is being sued for deceptive marketing practices over some of the fruit flavors that the green-tea based products employ; while the product comes in varieties like Green Tea with Pomegranate or Green Tea with Mango, according to the lawsuit, they do not contain actual fruit or actual juice. Xing’s ingredient panel does note that the products have “natural flavors” but according to the plaintiffs’ case, the consumer protection law requires more disclosure.
“The label does not say ‘green tea with natural pomegranate flavor,’ but states unqualifiedly that it is ‘green tea with pomegranate,'” according to the lawsuit, which called it a misleading claim.
Lebon called the lawsuit “frivolous” and said that he had recently had his ingredient supplier, Archer Daniels Midland Co., supply a letter indicating that the citric acid used in the tea was all-natural. As for the flavorings, according to Lebon, a similar complaint had been filed with the FDA and that agency had not found fault with the company.
“It’s really a frivolous suit and our lawyers think it will go away very quickly,” Lebon said.
Meanwhile, the general statutes under which both suits were filed, California’s Consumer Legal Remedies Act and California’s Unfair Competition Law, are fast becoming issues for food and beverage manufacturers, who believe that they are opening the door to even more lawsuits. According to one lawyer familiar with the statute, a suit in California also opens the door to actions in other states, creating a situation in which plaintiff’s attorneys are able to use the threat of legal action to extract settlements from defendants who are unwilling to pay for long court battles.
So true. This explains Joe's willingness to believe everything Willis says he can do. Joe's willingness to blindly accept everything that a con-man says reveals a deep deficiency in his critical thinking skills, extending to every aspect of life from the political to the economic.
Wow, how disingenuous of you! Looking in the rear-view mirror to measure future growth. Two can play that game. Let's check out ABRW's most recent 10Q:
"Net revenues for the three months ended March 31, 2016 were $588,800, as compared to $576,863 for the three months ended March 31, 2015, an increase of $11,937, or 2.1%."
Oh boy! ABRW has 2.1% growth. They sure are growing like a weed! LoL!
I agree. And you'd think portfoliomangler would thank me for explaining why this stock is not worth more than $2.00 based on fundamentals. He's been scratching his head in frustration ever since the stock sold off after the LD Micro dog & pony show (like I told him it would). He still can't fathom why this stock isn't currently trading at $5.25. He thinks the entire market has it wrong except for him and a couple other professional pumpers like Matt Margolis. LoL!
And it gets worse. Not only do analysts expect FY'17 EPS for REED to be $.13 - $.14, but they also expect annual revenue to increase from $46 million in FY '16 to $54.5 million in FY'17. That equates to a forward P/S ratio of 0.7. So even if ABRW achieves $60 million sales in FY'17, a comparable valuation to REED's forward P/S of 0.7 puts ABRW's market cap at $42 million max. That equates to a maximum shareprice of $2.00 based on 21 million shares outstanding. The pumpers here who say fair value for ABRW is $5.25 and higher are smoking some serious dope.
Analysts expect REED to be profitable in FY ' 17, with EPS estimates of $0.14. This is in the neighborhood of ABRW's earnings expectations as voiced by the bulls. So there's a lot of similarity between REED and ABRW. Similar debt load, similar revenue, similar EPS, similar products, etc... Now look at how the market is valuing REED: with a P/S ratio of around 0.8. Why are the pumpers on this board trying to convince people that ABRW should have a P/S ratio of 4 or higher? That is insane!
It's not too early to consider the impending transition.
If you don't believe me, why don't you try it yourself. Pour the entire can of XingTea into a clear glass, and when you are done drinking it, look at the sediment on the bottom of the glass. I have a feeling you were either drinking straight from the can, or you never actually tried XingTea. If you want to sweep this under the rug, that's your decision. But I'll have you know my friend is hesitant to drink any more XingTea without knowing what that sediment is.
After I finished a glass of ZingTea, I looked at the bottom of the glass and noticed a bunch of tiny black specks along the bottom sides of the cup. Today I opened a fresh can of XingTea and noticed the same residue in the bottom of my cup after I drank the whole thing. My friend noticed the same residue in her cup as well, and she got grossed out. What the heck is in this stuff??? OMG!!!
I already told you what it tasted like. Mild tea flavor with almost no blueberry taste. And a funky aftertaste that reminded me of shoe polish. How much more descriptive do you want me to be to prove to you that I tasted it? Sheesh.
So I'm not entitled to my opinion? Is that it? Just because you don't like my opinion you call me a fraud. Who hired you and named you chief of Thought Police? You try to discredit my review by saying I never tasted XingTea. That is a lie, and you will say anything to shoot down the messenger.
So, the package arrived early. I was happy about that. These were big cans - like 23.5 oz. each. Not sure if that's the packaging they normally use in retail stores. Anyway, I cracked open a can and poured over ice. It was very mild in taste, and the blueberry flavor was so muted that it was effectively absent. I think anybody who buys this particular flavor expecting to taste blueberry will be very disappointed. I fear they will give up on trying another Xing flavor due to false advertising. Furthermore, the only real distinctive accent to this product was its aftertaste, which is hard to describe in any way other than to say it tastes like a combination of shoe polish and dish detergent. And I never could cozy up to it, so I gave up drinking the first can after several sips. The hard question for me now is what do I do with 7 and 1/2 cans of shoe polish?
I don't know why all the attention has been on Bucha while XingTea has 3x revenue compared to Bucha. If XingTea has peaked in popularity (as their 5-year growth rate suggests) then that could pose a problem to New Age Beverage. At any rate, I thought it prudent to order some XingTea on Amazon so I can judge for myself. Bought 8 cans of Blueberry Honey Tea, which is supposed to be their best (award-winning) flavor. I'll let you know if it lives up to the hype.
Well well well, another trip to the loan shark this morning. Right on schedule. LoL!
I'm right here, Doofus! Where were you these last six months? BTW, this stock is still way below Gomes' entry price from over a year ago. And it will be a long long time before he ever breaks even. This is just another dead cat bounce just like all the rest. Come back at the end of the year and tell me how much money you made. LoL! I bet you will be gone by then though, when this POS goes back down to the teens.