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JVA is Almost There

|Includes: Coffee Holding Co., Inc (JVA)
Coffee Holding Co. has come down nicely in the past week, especially after its latest earnings announcement. Now there's not a lot of info out there, and I can't find a ton of previous earnings data, so I won't throw a ton of financial data out there. All I can say is that you should look at this 3-month chart. This stock moves, and you would expect it to, the market cap is only $90 million.

Now the company profile on Yahoo! Finance says that "Coffee Holding Co., Inc. engages in manufacturing, roasting, packaging, marketing, and distributing roasted and blended coffees in the United States and Canada." Sure, okay. You do stuff with coffee. That's all I need to know. 

Since it is a small company, there don't seem to be many analysts covering it, so I wouldn't be looking at revenue and EPS numbers trying to figure out growth for the future. I'm just going to look at the chart and try to catch the next spike. $16.50 looks good compared to $19 earlier this week, but I'll wait for another $2 or so before I strike. After all, this company was at $5 in late May and ran up to $31. It can move quickly, but it will do so in BOTH directions. This is a risky play, one I'm not quite ready to get into. Yet.


Disclosure: I may initiate a position in JVA over the next few trading days.