Baristas Coffee Co. (OTCMKTS:BCCI) Blasts Off On News
Baristas Coffee Co. (OTCMKTS:BCCI) wasn’t making much of a splash in the penny stock market and barely attracted a lot of attention. The past two sessions, however, were a great success for the company stock.
This is because BCCI was featured as the “Under the Radar” pick on CNBC XM radio and Bloomberg as a potentially profitable long-term investment. The segment also mentioned BCCI‘s formal application to the NASDAQ and the expectation for an up list by the end of the year.
The company is currently in a decent state, despite the need for cash on hand. It is, at the moment, operating at a profit as you can see from the numbers contained in their report covering the period ended September 30, 2013 below.
- cash: $48 thousand
- current assets: $100 thousand
- total assets: $7.5 million
- total current liabilities: $578 thousand
- revenues: $463 thousand
- net profit: $75 thousand
Looking at the Q2 report we can see a little increase in revenues and a 2 times jump in net profit. We couldn’t expect more. The BCCI business model is quite simple and effective and has a lot of potential when the management is doing its job right.
It is somewhat similar to that of Hooters of America, LLC and is definately attracting customers. You hire pretty young girls for baristas and put them in revealing clothing and different roleplay costumes. And we must say, that some of the outfits leave little to the imagination.
However, there might be some concers if more conservative people start complaining about the dresscode of the personel and begin creating bad publicity. Nonetheless, the attention on the radio was anough to provide for a good 100% increase in price over the past 2 sessions and a high volume yesterday, that led the company stock to a close of the session with some $718 thousand in trade value
Still, all the good news about future expectations don’t mean that you should go in blind and it will be best to do your due diligence and weigh out the risks before deciding to take a bet.
Alternative Energy Partners, Inc. (OTCBB:AEGY) also had a pretty good session yesterday as they went up 69%. Therapy Cells, Inc. (OTCMKTS:TCEL) were probably the biggest winners in the session with a massive 429% gain.
