JVA on fire !!

[la-onda]

your comments are appreciated!

http://www.3stocksonfire.org/trading/index.php?topic=2424.0

Thursday , September 15, 2005 13:57 ET

BROOKLYN, NY, Sep 15, 2005 (MARKET WIRE via COMTEX) --Coffee Holding Company, Inc. (AMEX: JVA) today announced its results for the three and nine month periods ended July 31, 2005, which included 13 weeks.

In this release, the company:

--  Reports sales growth for the quarter of 68.6 percent;
--  Announces an earnings decrease of $322,420 compared to the three
    months ended July 31, 2004;
--  Records earnings per share loss of  $(.08);

Net sales totaled $10,782,680 for the three months ended July 31, 2005, an increase of $4,386,112 or 68.6 percent from $6,396,568 for the three months ended July 31, 2004.

Net earnings decreased $322,420, or 257.0 percent, to $447,875 or $(.08) per share for the three months ended July 31, 2005 compared to $125,455 or $(.03) per share for the three months ended July 31, 2004.

Andrew Gordon, President and CEO of Coffee Holding, remarked, "Obviously, we are never going to be satisfied with a losing quarter but quite frankly we remain upbeat. The loss itself was a result of a $270,000 increase in allowance for doubtful accounts receivable and an unrealized hedging loss -- marked -- to market at the end of the quarter. As of August 31, 2005 the majority of this unrealized loss has been reversed out. However, the coffee market continues to remain extremely volatile. Beyond these two one time events, the quarter was overall a positive considering prices declined by over 20% in roughly a 30 day period."

Gordon commented further, "Our sales of specialty green coffee remained high and profitable during the summer months and our branded and private label sales were healthy as well. In addition, we decreased prices by approximately 7% on our branded and private label coffees during this period in response to a price decline by national brands. However, despite the 20% decline in the price of green coffee and pricing pressure from national brands our overall gross margins declined by only 5.6%. In addition, we are extremely pleased with our 68% gain in revenue quarter to quarter."

In closing, Gordon stated, "The third quarter is always our toughest. Although there is little seasonality in the coffee business, the threat of a frost in Brazil coupled with vacation and summer malaise makes running a coffee business during the summer months a real challenge. We anticipate a strong rebound in the fourth quarter."


Friday , October 14, 2005 12:17 ET

Andrew Gordon, CEO of Coffee Holdings (JVA), bought 10,000 shares at an average of $4.84 on Thursday. Traders are taking the purchase as a green light for shares that had tumbled  67% in a month. In mid-Sept, JVA reported its gross margin fell to 9.6% from 15.2% Y/Y.  The Q3 loss widened to (8c) from (3c). JVA book value was $1.81/sh with no debt as of July 31.  GMCR +2.2%; SBUX (-0.1%).

[Gico]

This CEO just got himself 48K$ worth of shares on the 13th.

Lucky bastard   

[Gico]

Oops, sorry...didn't read till the end.