VSF Vita Foods $3.85 Target $6.50
VSF Technically is a strong buy. Right at the 50dma, oversold, in a long term uptrend. Current price 3.85. Target price 6.50
Deal with Anheuser-Busch Inc., which allowed Vita to obtain Budweiser Brand Line of sauces should add not only to the bottomline but it shows some creativity/excitement that this company lacks.
From Press Releases:
"During the first quarter, we implemented our plan that returns us to profitability, and we are pleased with the results," said Steve Rubin, the Company's chairman and member of the office of the chief executive. "In addition, we completed the $2.5 million equity investment in March, and have set the stage for continued progress. We affirm our earlier earnings guidance for 2006 of between $0.20 and $0.24 per share for 2006."
"Anheuser-Busch Inc. has licensed its Budweiser brand to Vita Food Products Inc. for use in a line of sauces.
The Budweiser line of sauces include a basting sauce, two barbecue sauces and a wing sauce, A-B said in a release Monday."
Deal with Anheuser-Busch Inc., which allowed Vita to obtain Budweiser Brand Line of sauces should add not only to the bottomline but it shows some creativity/excitement that this company lacks.
From Press Releases:
"During the first quarter, we implemented our plan that returns us to profitability, and we are pleased with the results," said Steve Rubin, the Company's chairman and member of the office of the chief executive. "In addition, we completed the $2.5 million equity investment in March, and have set the stage for continued progress. We affirm our earlier earnings guidance for 2006 of between $0.20 and $0.24 per share for 2006."
"Anheuser-Busch Inc. has licensed its Budweiser brand to Vita Food Products Inc. for use in a line of sauces.
The Budweiser line of sauces include a basting sauce, two barbecue sauces and a wing sauce, A-B said in a release Monday."
posted by JV at 5:26 PM
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