by Travis Johnson, Stock Gumshoe | March 24, 2022 3:04 pm
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Source URL: https://www.stockgumshoe.com/2022/03/friday-file-pt-1-breaking-rules-for-the-lock-box/
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Is inTEST a rename – thought there was a testing company with similar DNA back about 9 +/- years ago that Agora was promoting?
They’ve been around for a long time, publicly traded for 25 years or so. I didn’t notice them being teased in the years before Dan Ferris pitched the stock in 2021, but it’s certainly possible.
Stock Gumshoe irregulars must be having an effect on the market. Travis’ purchase price Thursday $9.60, today’s closing price $10.80. We are becoming Motley Fool Jr!!
This, too, shall pass 🙂
Tiny and illiquid stocks can move quick if even a couple hundred folks buy them at once… I expect it will be back below what I paid at some point before too long, it usually pays to be patient with volatile little stocks.
The “Ambrell story “ brings back memories of a soft drink company that I worked for.
Family owned and run since it’s inception it was sold in the mid to late 80’s.
Soft drink companies are valued primarily by their “case volume” and the new owners seemed determined to resell the company and make a quick profit (this is my perception as I was not privy to ownership’s information).
For the next few years volume was driven by discounting and then the company was sold again.
The death cycle had begun. The only way to match previous numbers was to erode margin to such a point that the company went out of business in the early 90’s.
There were ways to have avoided the eventual end …. A new category of soft drinks were emerging called “New Age” and there were brands such as Snapple, Sobe and many others that were high margin and in need of distribution but the leadership of this company were blind to the opportunity.
The Company had operations in the East, with Their HQ’s in New Rochelle, NY and also in Illinois and Wisconsin.
Can the Thinkolator tell me what company this was?
Hmmm… can’t say that I remember that, though whatever it was, if it was loaded with sugar I was probably delighted to drink it in the 1980s. TruAde?
Joyce Beverages.
At one time the largest bottler of 7up in the world.