Topic: How To Invest

Pat: What are your views on Ten Peaks Coffee? Buy, sell or hold? Thanks for your input.

Article Excerpt

Ten Peaks Coffee Co. Inc., $10.49, symbol TPK on Toronto (Shares outstanding: 9.0 million; Market cap: $89.0 million; www.tenpeakscoffee.ca), owns the Swiss Water Decaffeinated Coffee Company, a Burnaby, B.C.-based firm that removes caffeine from coffee beans. Ten Peaks also owns and operates Seaforth Supply Chain Solutions, a coffee-handling and storage business in Vancouver. The company’s proprietary Swiss Water Process is a chemical-free way to remove caffeine from coffee. That’s in contrast to most other methods, which use chemicals like methylene chloride and ethyl acetate. Swiss Water decaffeinates customer-owned coffee for a fee. It also purchases raw coffee beans from countries in Central and South America, Africa and Asia, then decaffeinates them and markets them to the coffee trade for roasting. In the three months ended September 30, 2015, Ten Peaks’ sales rose 18.6%, to $20.5 million from $17.2 million a year earlier, as it continues to see strong demand for decaffeinated beans. It also sells most of its products in U.S. dollars, so it…