Hi Pat: As always, thank you for your most helpful insights and advice on the markets. I am looking at Ten Peaks Coffee Company. What are your thoughts? Your insights are greatly appreciated.
Ten Peaks Coffee Company, $3.32, symbol TPK on Toronto (Shares outstanding: 6.7 million; Market cap: $21.7 million; www.tenpeakscoffee.ca), owns the Swiss Water Decaffeinated Coffee Company, a coffee bean decaffeinator in Burnaby, B.C.
Ten Peaks also owns and operates Seaforth Supply Chain Solutions, a coffee handling and storage business in Vancouver.
The company’s Swiss Water Process is a chemical-free way to decaffeinate coffee. That’s in contrast to most other methods, which use chemicals like methylene chloride. Swiss Market is aimed at health-conscious decaf drinkers around the world.
Swiss Water decaffeinates customer-owned coffee for a fee. It also purchases high-quality raw coffee beans from countries in Central and South America, Africa and Asia, then decaffeinates them and markets them to the coffee trade for subsequent roasting.
In the three months ended September 30, 2013, Ten Peaks’ sales fell 5.5%, to $13.2 million from $14.0 million a year earlier. Earnings rose 54.5%, to $561,000, or $0.08 a share, from $363,000, or $0.05. The increase was mostly…
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