“3 “Strong Buy” Penny Stocks That Could Go Boom”
June 2, 2020
“Reed’s, Inc. (REED)
Reed’s, a small cap company in the craft soda markets, is best known for its ginger ale and ginger beer products. The company’s eponymous brand and product line also extends to zero-sugar sodas and ginger candy. It’s a small niche, but one with a clear path forward: Reed’s reported a 13% year-over-year sales increase in Q1 2020.
That sales increase translated into a $9.5 million top line. While EPS has been showing let losses for the past two years, those losses bottomed in Q3 2019; the Q1 number, a loss of 5 cents per share, represented the smallest loss in 9 quarters, and a 44% sequential improvement. Looking forward, the quarterly loss is expected to narrow further, to just 3 cents per share, in Q2. The positive outlook is buoyed by the 21% volume growth of the core Reed’s Ginger Ale brand in Q1.
At only $0.68 per share, some members of the Street see an attractive entry point…”
https://finance.yahoo.com/news/3-strong-buy-penny-stocks-134352371.html
I think this is a good investment actually because alcohol sells increase during economic downturns.