Based out of Vero Beach, Florida, Florafax is involved in processing credit card transactions, as well as telephone/wire floral deliveries. This company has done a lot recently to clean up their balance sheet and solidify their infrastructure. This company could be a great internet play for the fragmented floral delivery arena.
The stock has recently been experiencing a nice increase in volume, as well as a large increase in share price. The stock has gone from $4.75 (on Oct.22) to $10.50 (on Dec.9). |
