More opportunities to back the truck up. The report was overwhelmingly positive, a ~500% improvement on January, 200% YoY and 76% QoQ. What’s not to like? Building up their clientele and a ~96% reorder rate from the top 25 customers. Margins more or less retained at 41% with more product offerings and to return to 43% from price increases. Sounds really positive to me. New additions to the team and it sounds like CLB are gearing up for a stellar year. They’ve proven their product and candy experience - which a lot of posters might have to remember that people pay for an experience, not just the product itself. Now it’s time for them to scale up which so far they’re showing a lot of promise especially in a difficult economic environment. Bring on Valentines and Easter, and other big candy consuming holidays because CLB is primed and ready to go!
CLB Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held
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