Seeking Alpha

Mitchell Sacks

 
View as an RSS Feed
View Mitchell Sacks' Comments BY TICKER:
Latest  |  Highest rated
  • Why This Coffee Company Can Give Your Portfolio A Nice Jolt [View article]
    Mustang,
    I have no knowledge of the family's propensity to sell FARM. However, the longer FARM goes without a dividend the more likely it will be that the Family will need to do something to improve their personal liquidity.
    Oct 23 09:37 AM | Likes Like |Link to Comment
  • Why This Coffee Company Can Give Your Portfolio A Nice Jolt [View article]
    McDonald's has indeed trademarked their McCafe brand to sell whole and ground coffee in retail bags. Here is the link from the Chicago Tribune article.
    http://trib.in/Qwgrz1
    Oct 19 08:54 AM | Likes Like |Link to Comment
  • Why This Coffee Company Can Give Your Portfolio A Nice Jolt [View article]
    I agree with Mark that management salaries are not excessive. His stats on ownership are also correct as per the last proxy. With regards to a total sale, I still believe that it will depend on the company's ability to restart its dividend. Without one I believe that it will push family members for a sale.
    Sep 21 11:38 AM | Likes Like |Link to Comment
  • Why This Coffee Company Can Give Your Portfolio A Nice Jolt [View article]
    They mentioned In & Out in December 2010, but QSR's were not in their 2011 10-k.

    http://bit.ly/NzSN5K
    Sep 18 10:59 AM | Likes Like |Link to Comment
  • Why This Coffee Company Can Give Your Portfolio A Nice Jolt [View article]
    Here is a link to a piece on coffeehabitat.com that talks about FARM's relationship with Target where it sells its Archer Farms coffee brand.

    http://bit.ly/QjKXx2
    Sep 17 11:32 AM | Likes Like |Link to Comment
  • Why This Coffee Company Can Give Your Portfolio A Nice Jolt [View article]
    This was not plagiarized from Barron's. I have been investing in and researching FARM since January when I met them at the ICR conference in Miami. That said, while I thought the Barron's article did a nice job, it was not as thorough of an analysis. It was mostly a rehash of Tony Brenner of Roth Capital's research piece. You are certainly entitled to your view, but please understand the definition of plagiarism is "wrongful appropriation," "close imitation," or "purloining and publication" of another author's "language, thoughts, ideas, or expressions" as per Wikipedia. The fact that Tony and I agree on the value of FARM is not an accident, as this story is obvious to those who have spent time analyzing it.
    Sep 17 10:02 AM | Likes Like |Link to Comment
  • Why This Coffee Company Can Give Your Portfolio A Nice Jolt [View article]
    If the business operates like I think it will, I don't think they need to sell their real estate. It is more of a floor.

    But why keep their headquarters in Southern California? The cost of doing business there is very high compared to a place like Texas, where FARM has another plant as well. Any costs of moving their Torrance plant will likely be made up within a few years at most.
    Sep 14 04:39 PM | Likes Like |Link to Comment
  • Why This Coffee Company Can Give Your Portfolio A Nice Jolt [View article]
    Thanks Mark
    Sep 14 04:33 PM | Likes Like |Link to Comment
  • Why Taro Shareholders Should Reject Sun Pharmaceuticals Offer [View article]
    I am not sure what you are asking. Can you clarify your question? Thanks
    Sep 14 08:54 AM | Likes Like |Link to Comment
  • Why Taro Shareholders Should Reject Sun Pharmaceuticals Offer [View article]
    Iszo and Black Horse just submitted a legal letter to Taro's board requesting information on the transaction. This should serve to put the board on notice that they are not going to railroad shareholders.
    Aug 31 02:09 PM | Likes Like |Link to Comment
  • After Rejecting Sun's Buyout Offer, Taro Is Now Ready To Shine [View article]
    Taro just announced their June Quarter earnings and they were a new record. Sales and EBITDA were up 42.6% and 115%, respectively. Taro's management chose to use approximately $40 million of cash flow to pay down payables. Trailing 4 quarters EBITDA is now $300 million, which means that Taro is trading at about 5x EBITDA with an industry group that still trades well over 10x. Sun's representative on Taro's board is still warning on future sales. This is the 4th consecutive quarter of this type of warning with each quarter achieving new record sales and earnings. Nice try SUN!
    Aug 7 08:02 AM | Likes Like |Link to Comment
  • After Rejecting Sun's Buyout Offer, Taro Is Now Ready To Shine [View article]
    I was using completed deals, but assuming this deal closes which it should, then it should be included and does support a much higher price.
    Jul 30 09:17 AM | Likes Like |Link to Comment
COMMENTS STATS
27 Comments
2 Likes