At first glance they appear okay... albeit someone
Post# of 75010
Posted On: 05/16/2016 7:32:30 PM
Re: Borrego bill #21097
At first glance they appear okay... albeit someone not reading carefully might think they are worse.
Sales average over last 3 months is less than previous 6 months, but that doesn't surprise me given they ran out of product. That means gross profit average is also down. Now that they have made more product, I would expect to see sales/profit increase next quarter.
Assets significantly up, deficits significantly down... This is all paper crud... Interpret as you will. In general, as of now, it appears we have less debt.
If this wasn't a penny stock with things lining up right now I'd be concerned. It all comes down to making product and selling it. Presumably, financials will be better next quarter.
They need to manage cash better to keep a steady flow of product on the market. This BS with Amazon running out this past quarter can't happen again. If it does, then I'm going to rethink my position.
Sales average over last 3 months is less than previous 6 months, but that doesn't surprise me given they ran out of product. That means gross profit average is also down. Now that they have made more product, I would expect to see sales/profit increase next quarter.
Assets significantly up, deficits significantly down... This is all paper crud... Interpret as you will. In general, as of now, it appears we have less debt.
If this wasn't a penny stock with things lining up right now I'd be concerned. It all comes down to making product and selling it. Presumably, financials will be better next quarter.
They need to manage cash better to keep a steady flow of product on the market. This BS with Amazon running out this past quarter can't happen again. If it does, then I'm going to rethink my position.
(0)
(0)Rocky Mountain High Brands, Inc. (RMHB) Stock Research Links
Everything in this post is my own personal opinion. I do not claim to have any expertise or knowledge that would allow me to provide followable advice.
Scroll down for more posts ▼