RDBL up over 92% Tuesday with no news and nobody posted or noticed here?
News put out by Red Bell has been very positive and right on track with their stated objectives of building upon their brand name, opening new wholly owned pubs, reducing long term debt and reaching a profit in the near future.
Red Bell has recently announced the first of what is expected to be several acquisitions, a 3,650 sq. ft. Red Bell Brewery & Pub at 4421 Main Street in Manayunk-Philadelphia. This location is expected to increase revenues by $1,100,000.00 with projected net profit and additional income as much as $237,000.00 in just the first year. Re-design and construction is underway at the new site and it is expected to be ready to open in September.
Red Bell has stated they plan to make acquisitions and open new pubs in the next year that could bring revenues up to around $12 million by this time next year.
In May 2001, Red Bell reduced long-term debt by 488,323 or 18%.
Red Bell Brewing Company plans to be the largest, most profitable and most recognizable brewery and brewpub company along the Eastern Seaboard. With its many high profile shareholders ranging from TV and Radio personalities, local athletes, owners and executives of professional sports teams, and seasoned brewing industry leaders, to local and non-local political figures, including but not limited to:
- Pat Croce-76er's
- Bill Giles- Philies
- Joe Giles- Philies
- John Bolaris- NBC
- Mike Quick- Eagles
- Al Morganti- ESPN
- Sam Gash
- Blair Thomas
**The pre-public investors own their stock at $4.50 per share. The stock initially started trading around $1.00 and because of lack of initial interest a group of short sellers shorted the stock down to its current levels. The shorts were successfull in shaking out around 300K shares but it is believed by the company that around 700K shares of the 1.1 million share float are still held in customer name.
**There isn't very much stock out there and any significant buying should run the stock up easily.
**The company is expected to announce additional brew pub locations in the near future.
Key Points:
- Procuring new unparallel strategic brewpub locations in arenas, stadiums, ball parks, airports, and key rail/train stations.
- Red Bell Brewing Company is currently the only brewing company in the country which combines a large- scale regional brewery with a strategic network of smaller breweries, or ``brewpubs,'' in key beer markets.
- Seasoned highly trained and qualified management in place.
- Revenues trending upward between 25% to 30% per year.
- Positioned for consistent earnings growth.
- Increasing product distribution and market share.
- Maximizing operating capacity.
- Pursuing industry acquisition targets. |
