Mark, and everyone, JAVC is a good buy right now. Volume is starting to increase, and priced around 1/2 is a great opportunity. Fiscal year ends 03/31/97, but 9 month report should be out soon. You can check out some of my research, as well as a link to their last 10Q at transport.com I have been following this stock for a long time, and look forward to this year. Should have break-even earnings 12-31-96 and show first profits 3-31-97.
Last 10Q reported revenues for six months ending September 30, 1996 were $8,481,313 compared to $2,545,200 for six months ending Sept. 30, 1995. Earnings for six month period ending 9/30/96 were ($.15) compared to ($.36) 09/30/95. Quarterly revenues were $3,991,486 and quarterly earnings were ($.07).
Now that solid infrastructure is starting to take place, Java Centrale is launching an aggressive marketing plan in 1997, hoping to open a record number of franchises in 1997.
I see this stock shooting to $3-$4 a share by March, and reaching $10 by December.
The next Starbucks? Probably not, but Starbucks shows me there is a market for these coffeehouses, and Java Centrale is in a solid position to capitalize on this growth.
JOHN LEACH |
