Vista Partners Updates Coverage on Javo Beverage Company Inc., $0.72 Target Price
10 Fevereiro 2010 - 12:00PM
PR Newswire (US)
LOS ANGELES, Feb. 10 /PRNewswire/ -- Vista Partners announced today
that it has updated coverage on Javo Beverage Company Inc. (OTC:
JAVO) (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
http://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:
Emily Gilbert 310-744-5268 DATASOURCE: Vista Partners CONTACT:
Emily Gilbert, +1-310-744-5268, , for Vista Partners Web Site:
http://www.vistap.com/
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