What about JMBA after the recent run up?

Question

Thoughts on JMBA after the recent run up?

Answer 1

Hi Paulo,

I am still invested in JMBA. Presumably, many more investors are finally realizing the positive changes that JMBA has undergone in the last quarters and there is finally some indication that the financials will begin to reflect these changes in the coming quarters.  One of the main issues with JMBA is always the overhang on the convertible preferreds. Hopefully, the holders have decided to hang onto JMBA for now, which would help the upside in the stock, assuming earnings come in higher than expected. Expectations for upcoming quarters are quite strong, given the company's prior guidance