As I write this, Mannatech (MTEX) is nearly a four bagger since when I first spoke about it, back in November 2012. Granted, the stock was almost for free back in November, but it's still an incredible move in little more than 9 months.
But this was supposed to be an article updating on Natural Alternatives International (NAII). So why talk about Mannatech? It happens that Mannatech is NAII's 2nd largest customer, and NAII's revenues are very concentrated:
So Mannatech represented 17% of NAII's revenues in the last quarter. And, back then, Mannatech was shrinking so NAII's revenues from it were also shrinking. Indeed, NAII even singled out Mannatech as...
Only subscribers can access this article, which is part of the PRO research library covering 3,609 different stocks.
Growing numbers of fund managers and other investment professionals subscribe to Seeking Alpha PRO for equity research that is unavailable elsewhere, so they can: