I told you this deal would never materialize, especially when the company's largest shareholder and CEO describes it as a farce. Put a fork in it! A great day for FSYS shareholders. The CEO did the right thing
200 shares isn't even worth mentioning. 3,800 shares isn't that great either, but it is better than nothing, and a has symbolic strength. I am sure the news will pop the shares above $4 this morning, but I could be wrong
it will start moving higher tomorrow. That will be the first day the buyback is finally permitted. It will rise above $4 before you know it.
it is too late to short. it has already fallen and as a consequence, has more upside potential than downside risk
I noticed that too. why didn't he say tailwind? A headwind is not a good thing, I have never heard of a positive headwind
With the coffee market stabilizing at current levels, and what we believe is the end of a 26 month decline in which coffee prices dropped from $2.25 to a low of $1.11 per pound, we believe that we will see continued increases in both case sales and green coffee poundage sold but at a higher dollar equivalency. Increased sales combined with improving margins should provide us with a positive headwind for the first time in several quarters," said Andrew Gordon President and Chief Executive Officer of Coffee Holding Co., Inc.
Mr. Gordon continued, "Our business remains healthy and we will look for additional ways to continue to improve our margins in addition to growing our already diverse customer base. Although we are experiencing a downturn in revenues from our largest green coffee wholesale customer, we do have contractual arrangements with that customer through calendar 2017 and we believe we will continue to maintain this arrangement for the foreseeable future even if not to the same levels of concentration as in previous years. We do not anticipate this change to materially affect our ability to generate a healthy level of profitability in our overall business model."
to lose 41% of your sales and still be able to increase your earnings by over 7 fold, is nothing less than "spectacular" in my humble opinion.
yahoo has no clue of when the results will occur. They base it solely on, when the previous year's results were posted
they never announced an earnings date in the first place, hence there is no delay
here we go. WPRT agrees to increase their bid and FSYS is on board with the amendment. They have officially rejected the $4.50 third party cash bid