Penny of the day: BRVO.OB

Bravo Foods International corporation (BRVO.OB). The Group's principal activity is to process, market and distribute dairy and juice products. The products include baggie milk, milk powder, aseptic packaged milk, juice products and bottled drinkable yogurt. The flavors include vanilla shake, orange cream, chocolate, strawberry and banana and are branded with Bugs Bunny, Tweety and Sylvester, Daffy Duck, Lola Bunny, Wile E. Coyote and the Road Runner. The Group operates in the United States, Canada, Mexico and China.

Long term chart:



Short term chart:



Look at the volume blocks on the last few days ... we have a breakout with explosive volume, not in just one day but in several days. That powers the expected advance.

This company's fundamentals have improved dramatically over the last few months:

«According to the Company, sales have risen significantly since the close of the first quarter ended March 31, 2005, resulting in unaudited gross revenues of $928,000 in April, versus gross unit revenues of $959,000 for all of the first quarter of 2005. The sharp increase in revenue is due to successful nationwide distribution of the Company's co-branded 3 Musketeers® and Milky Way® Slammers, new distributors, vendors and significant growth in distribution channels, and a number of reorders.»

«As a result of rising sales, Bravo! announced a plan by production partner Jasper Products, based on forecasting models, to double domestic capacity to 4 million units per month beginning in September 2005, with additional capacity increases expected in February 2006 and again in May 2006.»

Read the full story here: http://biz.yahoo.com/prnews/050512/flth012.html?.v=9

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