Wondering the same thing. If this breaks through 1.50 we may in for a nice surprise. Was listening to last month's conference call. I wonder if this deal was in the works then?
My disclaimer: I am an individual investor in the Seattle area. I am also familiar with the original craft brewery that used to to be the original American Brewing Company.
I visited 3 different stores including Safeway which is the major reseller in my area. None carried the product. Only a portion of the Safeway chain in our area carries Bucha brand of Kombucha. All carry at least one or more competitor's product. It's my feeling that at least the "Bucha" portion of the new business needs major
distribution expansion if this company is going to be successful in the short or long run. If people can't get the product easily, the grandiose plans of being a global brand or even a national brand just are not going to happen. So, let's hope this CEO can make that happen. I'm living in one of the fastest growing metro areas in the country, and I have to drive 5-10 miles to get access to the product. That has to change in my opinion.
A few have addressed the availability issue already. It sounds as though the money is there or will be there to
make this happen. Let's just hope that we have the right person in the driver's seat. And there seems to be some question here about his suitability. GLTA
Finally located a store in our area where the Bucha product can be purchased. It took a while to locate it in the
Kombucha refrigerated area. Near the bottom where it would be overlooked by most everyone unless you knew the store carried the brand. The checker told me he had never seen anyone buy the product, but Kombucha in general sold well. So continuing my theme from yesterday, the distribution end of the business is going to be a challenge. My daughter who lives in a major eastern city has no supplier to purchase product from.
Confirmed by zip code search on the company's website. I'm hoping to hear this addressed tomorrow on the
I have no idea if it will sell on the east coast. Even though I've made a good profit on my investment, and actually sold to recover my initial investment, I still have some concerns, and not only with the CEO. There are already a lot of players in the market. Distribution and availability are vital if Bucha is going to be a major drink in an already crowded marketplace. I realize it's only one component of the business, it's still a significant one.
One thing for sure. If the CEO turns out to be a poor choice, it's likely going to be a failed enterprise. And it's obvious that there are a number of opinions on his suitability on this board. I will say that this has been one of the best OTC stocks I've ever had. It's just a very small portion of my portfolio, and I've learned that the odds are stacked against you with these ventures. Their original craft beer is/was very good. Just my opinion.
I've written about this before. Product is hard to find and when you can find it, it's not been a great seller. I bought two new flavors today and the checker told me she had never seen it sell before in the store. This is the second time I've been told this at two different resellers. Got a big problem here in my opinion.
If this company makes it, it will likely be due to another product. You have to sell the product, and while I'm not a numbers guy, this brand isn't selling in Seattle. Kombucha yes, but Bucha no. Time will tell about Xing. And I'm more than happy to collect on my shares with a tidy profit. At 0.35 cents cost basis, I'm more than happy if I never make another cent.
I'll agree to disagree. It might be in the stores. That doesn't mean it's selling well. Wait until the numbers come in next quarter. If you turn out to be right, I'll give you credit. If not, I won't bash you like others on the board. That's fair, right?
Seriously, in all honesty, I'd like to see everyone invested in this stock make some money. I remember the original brewing company in Edmonds, they are still there making great beers under the American label. So now the business model has changed to another beverage type. I've been happy with my gain. As I said, if I don't make another cent, I'll still be very happy. I'm just not convinced that will happen. Time will tell, and I'll be watching closely, and listening to any positive info from the company. Frankly, it does no good to slam and bash each other on these stock boards. Anyway, JMO.
I posted similar info with regard to finding Bucha in Safeway stores in the Seattle area. I don't believe this is
an isolated issue. This is a major problem. I'm not currently a shareholder but am continuing to watch the stock for indications that an upward move might occur. I'm not surprised at all with your findings in Whole Foods which is an upscale reseller in my area. Time will tell! GLTA