$NGTF With Nightfood's reorder sales velocity increasing sharply in Quarter one it is easy to see exponential sales growth occurring for Nightfood Ice cream as they ramp up distribution to additional grocery chains and new distribution channels. The stock is cheap trading near its 52 week low when revenues and distribution are accelerating . We expect the intrinsic value will be unleashed with the anticipated announcements of more stores offering Nightfood ice cream while the popularity of the product should lead to more shelf space for additional skus multiplying sales growth and creating a true growth stock story. We believe NGTF is significantly undervalued based on its growth rate and are looking for fresh 52 week highs with Press Releases detailing further distribution channels.
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