Vista Partners Updates Coverage on Javo Beverage Company Inc. With $0.72 Target Price
01 September 2009 - 11:00PM
PR Newswire (US)
LOS ANGELES, Sept. 1 /PRNewswire/ -- Vista Partners announced today
that it has updated coverage on Javo Beverage Company Inc. (OTC:
JAVO) (BULLETIN BOARD: JAVO) with a twelve month target price of
$0.72. Ross Silver, Principal Analyst at Vista Partners stated,
"The Company's total base of beverage dispensers at the end of the
second quarter was 11,605, an increase of 2,779 from the same
period in 2008. These 11,605 dispensers will produce a yearly run
rate of approximately $35 million. We believe Javo will experience
continued high growth based on the fact that the Company has
penetrated only 10% - 15% of its current client base. In addition,
Javo is well positioned to maintain its growth in the face of the
economic slowdown because of the increased demand by consumers for
low cost alternatives to expensive coffee house products. We
believe that Javo's high growth and defensive characteristics make
the Company an attractive investment opportunity at current
levels." To download a FREE copy of the report, please visit the
Vista Partners website at http://www.vistap.com/ and click on the
download research icon. About Vista Partners: Vista Partners
provides independent, equity research to institutional and
individual investors, with a focus on publicly traded small
capitalization companies. With offices in Bend, Los Angeles and San
Francisco, Vista Partners is one of the fastest growing
independently owned equity research firms. Vista Partners
professional staff has backgrounds in finance, corporate
communications and investment banking. More information is
available at http://www.vistap.com/. Contact: Vista Partners Emily
Gilbert (310) 744-5268 http://www.vistap.com/ DATASOURCE: Vista
Partners CONTACT: Emily Gilbert, Vista Partners, +1-310-744-5268,
Web Site: http://www.vistap.com/
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