Spot Coffee

SPP-X

CVE:SPP

0.08
0.00 (0.00%)
SPoT Coffee & Spot Coffee Ltd. is an international coffee company and coffeehouse chain which is headquartered in Buffalo, New York. SPoT designs, builds and operates community- oriented cafés.
More at Wikipedia

Analysis and Opinions about SPP-X

Signal
Opinion
Expert
COMMENT
COMMENT
January 14, 2019
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.
Spot Coffee (SPP-X)
January 14, 2019
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.
James Hodgins
Chief Investment Officer, Curvature Hedge Strategies
Price
$0.120
Owned
Yes
SELL
SELL
October 17, 2014

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

Spot Coffee (SPP-X)
October 17, 2014

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

James Hodgins
Chief Investment Officer, Curvature Hedge Strategies
Price
$0.040
Owned
Unknown
SPECULATIVE BUY
SPECULATIVE BUY
August 26, 2014

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.

Spot Coffee (SPP-X)
August 26, 2014

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.

Benj Gallander
President, Contra the Heard Investment Letter
Price
$0.050
Owned
No
COMMENT
COMMENT
April 21, 2014

(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.

Spot Coffee (SPP-X)
April 21, 2014

(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.

James Hodgins
Chief Investment Officer, Curvature Hedge Strategies
Price
$0.065
Owned
Yes
WATCH
WATCH
February 25, 2014

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.

Spot Coffee (SPP-X)
February 25, 2014

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.

James Hodgins
Chief Investment Officer, Curvature Hedge Strategies
Price
$0.080
Owned
Unknown
COMMENT
COMMENT
December 27, 2013

(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.

Spot Coffee (SPP-X)
December 27, 2013

(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.

James Hodgins
Chief Investment Officer, Curvature Hedge Strategies
Price
$0.070
Owned
Yes
PAST TOP PICK
PAST TOP PICK
September 30, 2013

(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.

Spot Coffee (SPP-X)
September 30, 2013

(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.

James Hodgins
Chief Investment Officer, Curvature Hedge Strategies
Price
$0.105
Owned
Yes
BUY
BUY
July 25, 2013

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.

Spot Coffee (SPP-X)
July 25, 2013

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.

James Hodgins
Chief Investment Officer, Curvature Hedge Strategies
Price
$0.120
Owned
Yes
BUY
BUY
May 27, 2013

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.

Spot Coffee (SPP-X)
May 27, 2013

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.

James Hodgins
Chief Investment Officer, Curvature Hedge Strategies
Price
$0.140
Owned
Unknown
COMMENT
COMMENT
February 26, 2013

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.

Spot Coffee (SPP-X)
February 26, 2013

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.

James Hodgins
Chief Investment Officer, Curvature Hedge Strategies
Price
$0.130
Owned
Yes
BUY
BUY
November 13, 2012

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.

Spot Coffee (SPP-X)
November 13, 2012

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.

James Hodgins
Chief Investment Officer, Curvature Hedge Strategies
Price
$0.165
Owned
Unknown
TOP PICK
TOP PICK
September 27, 2012

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.

Spot Coffee (SPP-X)
September 27, 2012

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.

James Hodgins
Chief Investment Officer, Curvature Hedge Strategies
Price
$0.185
Owned
Yes
BUY
BUY
July 11, 2012
Margins are bigger than Starbucks (SBUX-Q). In the process of building out the chain but they have the formula right.
Spot Coffee (SPP-X)
July 11, 2012
Margins are bigger than Starbucks (SBUX-Q). In the process of building out the chain but they have the formula right.
James Hodgins
Chief Investment Officer, Curvature Hedge Strategies
Price
$0.170
Owned
Yes
STRONG BUY
STRONG BUY
June 15, 2012
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.
Spot Coffee (SPP-X)
June 15, 2012
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.
James Hodgins
Chief Investment Officer, Curvature Hedge Strategies
Price
$0.160
Owned
Yes
TOP PICK
TOP PICK
October 20, 2011
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.
Spot Coffee (SPP-X)
October 20, 2011
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.
James Hodgins
Chief Investment Officer, Curvature Hedge Strategies
Price
$0.125
Owned
Yes
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