#4 - Castle Brands (NYSE:ROX)
Castle Brands (NYSE: ROX) - Castle Brands may be a case where the market has already set a floor for its stock. If that's the case, there are reasons to think that the stock may be due for a run. First, it has two compelling product offerings with its Dark & Stormy drink made from its Gosling brand of Black Seal dark rum and ginger beer and it's Jefferson bourbon brand that continues to anchor their whiskey portfolio that has increased their revenue by 20% in 2018. Their profit remains weak, but their margins have increased over the last couple of years and revenue continues to increase. The company has 166 million shares outstanding which could create some downward pressure on the stock. However, 30% of those outstanding shares are owned by company insiders signaling that management is confident of the company's prospects.
Castle Brands looks to be a target for acquisition down the road. But with the stock trading within a tight range, it seems that if it’s going to break in one direction, it would be up.
About
- Current Price
- 0.00
- Consensus Rating
- N/A
- Ratings Breakdown
- 0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- N/A
