O.K. so it was a SMALL correction. Down down 29 but NASDAQ up 8.76. After the HUGE run up in this rally, this is evidence of the incredible buying pressure at this time supporting this position.
Anyway, anyone have a sweet tooth for a stock? And one under $10 also!
Tofutti Brands, Inc., "develops, produces and markets non-dairy frozen desserts and other soy-based, non-dairy foods, containing no butterfat, cholesterol or lactose, yet offering the same textures and tastes as their dairy counterparts" per CNN.Money.
TOF had a very nice day. Anyone who owns some shares can reward themselves with a bowl of this soy dessert....TOF closed at $2.82 up $.22 or 8.46%.
A real inexpensive stock, and difficult to buy if you keep the 8% stop. You can see if it DROPS 1/4 point, you have hit it!
On May 13, 2003, per the NYTimes on the Web, TOF reported results: Net sales increased 22% to $4.5 million compared with net sales of $3.7 million for the thirteen weeks ended March 30, 2002. Operating income increased slightly to $458,000 from $418,000 for the comparable period in 2002.
Morningstar.com shows the past 5 years of revenue growth from $7 million in 1997, to $9 million in 1998, $12 million in 1999, $13 million in 2000, $16 million in 2001, and $17 million in the trailing twelve months. Small numbers but steady growth.
Cash flow is not recorded unfortunately, but the company has $2.7 million in cash on hand per Morningstar with $2.7 million of other current assets...with only $0.5 million of current liabilities and no long term debt.
Market cap is a tiny $14.9 Million with only 4.72 million shares outstanding, and 3.90 million of them floating.
O.K. it is not a typical presentation here, but if you would like an inexpensive stock which basically meets our criteria so you can buy LOTS of shares....well have a scoop of Tofutti!
Regards to all my friends. Bob
Posted by bobsadviceforstocks at 3:21 PM CDT | Post Comment | Permalink