Jones Soda Co. (NASDAQ:JSDA) is set to report right after the close today, and it is actually surprising that the stock hasn’t seen more selling just out of sympathy with Hansen. The soda and beverage maker is expected to post $0.02 EPS on $18.85 million revenues.
One thing the company needs to figure out is how to shrug of the niche growth stock trap. If the company hits the $0.18 consensus estimate for fiscal Dec-2008, it still trades just under 50-times forward earnings after todays sell-off.
At $8.90 its trailing P/E is still listed as "almost 100" on most systems. The company obviously has a lot ahead for it with its niche drinks and its recent sports win, but it sure feels like in the last two days that the market isn’t going to pay for growth in the same manner it was willing to just last week.
Hansen Natural (NASDAQ:HANS) was so confusing this morning that it’s no wonder shares went to hell in a hand basket. The officers need to go to ‘press release’ school. Really. Shares of Hansen were down almost 30% at last look.
Jones Soda shares are down 1% at $8.90, and the 52-week trading range is $8.50 to $32.60.
Jon C. Ogg
November 8, 2007
The Average American Is Losing Their Savings Every Day (Sponsor)
If you’re like many Americans and keep your money ‘safe’ in a checking or savings account, think again. The average yield on a savings account is a paltry .4% today, and inflation is much higher. Checking accounts are even worse.
Every day you don’t move to a high-yield savings account that beats inflation, you lose more and more value.
But there is good news. To win qualified customers, some accounts are paying 9-10x this national average. That’s an incredible way to keep your money safe, and get paid at the same time. Our top pick for high yield savings accounts includes other one time cash bonuses, and is FDIC insured.
Click here to see how much more you could be earning on your savings today. It takes just a few minutes and your money could be working for you.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
