posted
I bought CFPC last week on a hunch (it's an interesting company) and it's already gone up 10%..... Right now it's selling at 1.53 But in the past (both in early 2005 and early 2006) this stock has hit peaks well above 2.50. It bottomed out recently below 1.25, but now seems to be on the rise again.... take a look and tell me what you think....
Here's the latest PR news on the company (from April 26, 2006)....
OTCPicks.com PR release:
FEATURED STOCK PROFILE
COFFEE PACIFICA, INC. (CFPC) "Up 3.33% in morning trading"
Coffee Pacifica, Inc. (CFPC) is a marketer and distributor of Papua New Guinea (PNG) grown arabica green bean coffee in the United States and Canada. There is an established market for arabica coffee grown in Papua New Guinea that has market potential throughout the coffee-drinking world. CFPC is aggressively and progressively positioning itself to capture a significant share of the USA and Canada coffee market with PNG's arabica green bean coffee's unique flavor and superior quality. The USA and Canada combined, consume approximately 22 million bags of green bean coffee per year-one bag contains 60 kgs of coffee. PNG produces approximately 1.3 million bags annually which amounts to approximately 2% of the world green bean coffee production.
Coffee Pacifica's customers in the USA and Canada are retailers, roasters, wholesalers, distributors and importers. In addition, the company intends to establish strategic alliances with the leading coffee retailers, roasters, wholesalers, importers and distributors in the USA and Canada.
CFPC News:
April 26 - New Directors Nominated to Coffee Pacifica's Board
Coffee Pacifica, Inc. (CFPC) announced today that it will host its shareholders meeting on June 7, 2006, at Conference Room, MGM Grand Hotel & Casino, 3799 Las Vegas Blvd South, Las Vegas, Nevada, 89109 at 11.00 a.m. local time. Three new directors have been nominated to replace Bernard Goma and Jiken McKenzie who are not seeking re-election. Terry Klassen, our Chief Operating Officer, Kim Moore, CEO of Uncommon Grounds Inc, and James Fraser, an attorney, are nominated to act as directors. To accommodate the growth in our business, Bernard Goma and Jiken McKenzie are assigned to strengthen the coffee supply side of our business in Papua New Guinea.
Our revenue for the three months ended March 31, 2006, is approximately $1,200,000. For the full fiscal years ended December 31, 2005 and 2004, Coffee Pacifica's revenues were $749,660 and $265,438 respectively. Additional details for the quarter ended March 31, 2006 revenue and expenses will be made available in the company's 10-QSB, which is expected to be filed before May 15, 2006.
Coffee Pacifica, Inc. is a distributor and a marketer in the United States, Canada and Europe of the green bean coffee grown in Papua New Guinea. Green bean coffee in Papua New Guinea is grown by Coffee Pacifica's shareholder-farmers in the Highland region's rich volcanic soils between the altitudes of 4,000 and 6,000 feet above sea level. Papua New Guinea exports approximately 2% of the annual world green bean production. Papua New Guinea coffee is well regarded by consumers for its uniqueness, consistency and special flavor characteristics. For more information about our coffee products, visit our website at www.coffeepacifica.com. Coffee Pacifica's wholly owned subsidiary, Uncommon Grounds Inc., established in 1984, is a coffee roasting and wholesale company based in Berkeley, California. Visit their website at www.uncommongrounds.net to purchase our PNG roasted coffee beans.
PNG Coffee Growers Federation Ltd. ("PNGCGF") is our strategic partner and a major shareholder. PNGCGF's shareholders are 179 individual independent coffee grower co-operatives in 11 of the 13 coffee growing provinces in Papua New Guinea. This represents approximately 120,000 plus individual coffee farmers involved in producing co-operative coffee. The high quality premium-grade coffee produced by the co-operatives are pooled and marketed by Coffee Pacifica. In PNG approximately 86% of the exported coffee is annually produced by the small independent coffee growers.
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posted
Note that this stock went up-down-up nicely after I posted the recommendation above. Coulda been a nice swing trade for those that grabbed it on the cheap. It's back down again, but you'll note that the chart shows its near the bottom, so there's a chance for a nother turn-around soon -- and if the chart history is any indication, this could eventually take a major upswing. And the PR coverage seems good...
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posted
Ho-humm... reviving a nearly year-old thread..
But. CFPC seems to be revived as well -- this week's chart shows interesting action. Slowly gained up to .95, then on Thursday came out the big guns.. absolutely ridiculous volume, and all to the upside.
The reason? Probably this bit of news - Coffee Pacifica was mentioned in the Economist.
Quick stats: 27M outstanding shares, about half of that in the float.
Some DD: they grow coffee in Papua New Guinea; the farmers are also shareholders, which is pretty cool. In 2005, they bought Uncommon Grounds, a premium US distributor.
From the last 10KSB/A:Our annual revenue grew by 248% as we increased our sales in 2006 to $2,612,347 compared to $749,660 for 2005 (182% increase ) and $265,438 (265% increase) in 2004. Sales increased due to higher demand and premium prices paid for our coffees by the coffee buyers in US and Europe. The revenue growth trend will continue as we introduce the "Penlyne Castle" Jamaican Blue Mountain coffee to our existing customers. Addition of Jamaican "Penlyne Castle" coffee will generate increased revenue in the third and fourth quarters complementing the Papua New Guinea ("PNG") bean crop cycle. We anticipate growth in revenue from the roasted coffees too as we have recently launched our new website wwww.uncommongrounds.net for Uncommon Grounds Inc. with improved e-commerce features. Our gross profit also improved on sales in 2006 to approximately 36% compared to 29% in 2005. The increase is attributed to premium prices received for our PNG green beans. In 2007, we anticipate higher gross margins and increased revenues by selling our green beans at premium prices and the forecasted higher New York "C" contract prices. Our operating expenses for 2006 were $9,476,393 compared to $3,967,817 in 2005. The general and administration expenses were $7,233,393 verse $2,626,369, the marketing expenses increased by $901,552 to $ 2,243,000 in 2006 compared to $1,341,448 in 2005. The net loss for the year ended December 31, 2006 was $8,530,598 compared to $3,748,480 in 2005. The increase in losses was attributed to common shares issued for certain expenses and services recorded at Fair Market Value which aggregated to $7,606,640 (2006) and $3,136,518 (2005). At December 31, 2006, we had $949,481in current assets and $296,133 in current liabilities. December 31, 2006, Coffee Pacifica had $496,497 in cash and deposits which are adequate to meet our operational expenses for approximately next twelve months. Any revenue we earn is infused back into Coffee Pacifica and used for working capital.
The price action today is convincing to the long side, with a strong confirmation in the late afternoon.
For the record: I bought some CFPC at 1.28
-------------------- the market is not your mother
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[..] Coffee Pacifica, Inc. announced today that it will commence to sell, through its 100% owned subsidiary Uncommon Grounds Inc., Fair Trade and Organic certified coffee produced by farmer co-operatives in Ethiopia. According to the International Coffee Organization historical production data, Ethiopia is the worlds 6th largest coffee exporting country. The addition of certified Ethiopian coffee will increase Coffee Pacifica's current and future revenue. [..]
Predictably, there is selling on the news.. might be a good time to look for a long entry
-------------------- the market is not your mother
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posted
2.30 high mid-week... knocked down huge today, down to 1.65.. Looks like it's in the resistance/support zone from early last week.. fairly strong base.
-------------------- the market is not your mother
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