Gourmet's Choice Coffee Co. - GMCH Message Board

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Microcap & Penny Stocks : Gourmet's Choice Coffee Co. - GMCH

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To: CAPT.DAN who wrote (159)	1/15/1999 2:58:00 PM
From: Lance	Read Replies (1) of 2161

Can anyone get a log on yesterday and todays trades ! I know for sure that the MM's tried to shake some shares as buys seemed to far out pace sells. Today I can understand some profit taking but a 50% spread is always to much. What we are seeing today could be MM's stocking up on shares for next run as this big volume last 10 days may have caught them with not enough inventory. News is due out again next week so it looks like this with some profit taking with a 3 day weekend has prevented GMCH from moving higher today. With approx.77 mil shares O/S for GMCH, if it can net $2 mil of the $12 mil projected revenues that would = .03 a share which would give it a forward P/E of 1 and most water bottling companies trade at much higher multiples. Keep in mind that there is revenue from the coffee division and expected revenues from the Soft Drink division as well. GMCH could trade at .30 and still only have a forward P/E of less than 10. This seems like a bargain at this level !

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