CVE:SPP

0.06
0.00 (0.00%) 1d
0
COMMENT
A micro-cap. He holds debt securities and have been collecting those coupons. SPP is interesting, but highly speculative. They run little coffee shops. The coffee and food are really good. He wouldn't buy it for that reason, but it's okay in a portfolio.
merchandising / lodging

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SELL

Very speculative. They changed to a franchise model. Now they are just in upstate New York and Pennsylvania. They are having some success here.

merchandising / lodging
RISKY BUY

This is very much a penny play. Coffee is an incredible space with huge mark-ups, but as we can see, closer to home, Second Cup (SCU-T) is looking to retrench and eliminate their dividend. Wouldn’t throw his mortgage money at it, but for somebody who wanted to speculate, it could be worthwhile. It could also disappear quickly.

merchandising / lodging
COMMENT

(Market Call Minute.) Interesting. They made that one mistake in the North York store, but the other stores are still profitable. Switching to a franchise model. Loves the product. He still holds some of the debentures.

merchandising / lodging
WATCH

Opened a store where the neighborhood had only one condo building up so they closed and it cost them half a million. Other stores are doing well. They decided to do the franchise route and he is still waiting to see.

merchandising / lodging
COMMENT

(Market Call Minute.) Has an interest in this but it has not been a winner for him. Thinks there are lots of expansion opportunities. Each individual store is profitable and it now has to get to the scale where the entire company is profitable.

merchandising / lodging
PAST TOP PICK

(Top Pick Sept 27/12, Down 39.39%) Opened a new café in North York based on 4 buildings being full and it turned out to be one so they closed that location. Strong revenues from their New York business.

merchandising / lodging
BUY

New store just didn’t work out. Development in area around the store was much slower than expected. They exited and it cost them. All the other units are operating very well. Sees no reason why expansion plans won’t be positive. He owns their debenture. This is a nice diversification away from the resource market.

merchandising / lodging
BUY

Building out new stores in upstate New York. Change drivers are all in place. They continually need new capital because of the cost of building new stores. The return on the capital is very high, but investors still watch the raising of capital. He is in debentures but definitely participating in the next equity raise. Return on capital is so high and it is a diversifier away from resources.

merchandising / lodging
COMMENT

Coffee. Has been able to expand their store base quite rapidly however they are going to need more financing to keep moving forward. Has been some selling pressure on the stock more recently. When they get their financing, he expects this to be a positive catalyst for the stock because the underlying fundamentals are fantastic.

merchandising / lodging
BUY

They are in the middle of a financing to effectively double their store base. Flat-lined recently due to financing. Following that you could see some nice upside.

merchandising / lodging
TOP PICK

Stock has kind of flat lined but underneath the fundamentals just keep getting better Have now gone from 7 stores to 10. Have spent a few hundred thousand dollars this year upgrading the roaster because they want to expand their wholesale business into getting their coffee into grocery stores and gas stations. Plan on going from 10 to 24 units in the next 18 months. They’ll be at 19 next year. At the 24 units you are going to be seeing $5-$6 million of EBITDA coming out of this company and thinks you will see at least a 10 multiple on that.

merchandising / lodging
BUY
Margins are bigger than Starbucks (SBUX-Q). In the process of building out the chain but they have the formula right.
merchandising / lodging
STRONG BUY
Loves this company. Stock is really, really undervalued. Have gone from having 6 units in full production last year to having 10 units in sales this year and growing that to 19 over the next 2 years. Basically fully financed out of internal cash flows. Insiders are buying at $.20.
merchandising / lodging
TOP PICK
Floundered for a few years trying to figure out the layout and the menu that would work for them and they finally optimized that. Went from 5 units to start the year and will be in by the end of 2011. Each unit is generating $150,000-$250,000 of EBITDA to the parent company per quarter. They are now cash flow positive. Recession resistant.
merchandising / lodging
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Spot Coffee(SPP-X) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for Spot Coffee is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Spot Coffee(SPP-X) Frequently Asked Questions

What is Spot Coffee stock symbol?

Spot Coffee is a Canadian stock, trading under the symbol SPP-X on the TSX Venture Exchange (SPP-CV). It is usually referred to as TSXV:SPP or SPP-X

Is Spot Coffee a buy or a sell?

In the last year, there was no coverage of Spot Coffee published on Stockchase.

Is Spot Coffee a good investment or a top pick?

Spot Coffee was recommended as a Top Pick by on . Read the latest stock experts ratings for Spot Coffee.

Why is Spot Coffee stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Spot Coffee worth watching?

0 stock analysts on Stockchase covered Spot Coffee In the last year. It is a trending stock that is worth watching.

What is Spot Coffee stock price?

On 2022-11-22, Spot Coffee (SPP-X) stock closed at a price of $0.06.