Net-Net Coffee Holding JVA
I’ve blogged about Coffee Holding (JVA) a couple times atleast over the years on StockPursuit.com. I would bring it up when it got below net tangible asset value. That proved to be the floor for the stock on atleast one occasion.
Well, it is now trading below net current asset value or quick liquidation value. There is a current market cap of $8.9 with the stock at $1.56 a share. Off of the most recent quarterly report net current asset value is $12 million. There is a 26% discount to net current asset value.
The most recent quarter saw revenue grow 9.7%, however, earnings went negative year over year.
I most recently wrote about JVA in January of this year. That was about the merger. There is more on that here in this post.
https://www.stockpursuit.com/2023/01/coffee-holding-jva-net-net.html
This is the only recent news I could find on the merger. I couldn’t find any recent proxy statements on the SEC Edgar site.
https://www.globenewswire.com/en/news-release/2023/04/17/2647877/0/en/Delta-Corp-Holdings-Limited-Advances-Merger-and-Share-Exchange-with-Coffee-Holding-Co-Inc-with-Confidential-Submission-of-Registration-Statement.html
The deal implied a $5 a share transaction value for Coffee Holding. Over the years this company has shown it is capable of growing sales or maintaining them atleast. I believe in this current stock market with valuations in most stocks being full this is a great value stock.
Disclosure: No position at time of writing. I may buy in the near future.