Vista Partners Updates Coverage on Javo Beverage Company Inc., $0.72 Target Price
LOS ANGELES, Feb. 10 /PRNewswire/ -- Vista Partners announced today that it has updated coverage on Javo Beverage Company Inc. (OTC Bulletin Board: JAVO) and maintains its twelve month target price of $0.72. Ross Silver, Principal Analyst at Vista Partners stated, "We strongly believe Javo will be one of the top performing small cap stocks in 2010 and believe the recent sell off in the stock is overdone. The Company had 12,162 installed dispensers at the end of Q3, which equates to a nearly $35 million annual revenue run rate and the Company is rapidly approaching a key milestone in EBIT breakeven. We believe EBIT breakeven, on a go forward basis, will occur in 2010 and when that occurs, a significant number of institutional investors will likely take notice and begin initiating long term positions in Javo. We also believe Javo will experience continued high growth based on the fact that the Company has penetrated only 15% of its current client base." Mr. Silver continued, "Javo's high growth and defensive characteristics make the Company an attractive investment opportunity at the current valuation and we are hard pressed to find companies with a similar risk reward profile to that of Javo." To download a FREE copy of the report, please visit the Vista Partners website at www.vistap.com and click on the download research icon or click here.
About Vista Partners:
With offices in California and Oregon, Vista Partners LLC is one of the fastest growing independently owned equity research and consulting firms in the United States. Vista Partners professional staff has backgrounds in finance, corporate communications and investment banking. Vista Partners has built a name for itself in the small cap space due to its selection of profitable investment recommendations.
Contact: |
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Emily Gilbert |
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310-744-5268 |
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SOURCE Vista Partners
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