It Is Good to Accumlate More Shares of HANS at This Time (The hightlights of latest 10Q report)
I have been accmulating the shares of (HANS: 32.99 -2.86%) which I think it is going to pop up at next weeks. I have been collected about 3000 shares of (HANS: 32.99 -2.86%) and targeted price of $40 for next 4 weeks.
base on its ROE and ROA and future development and consisten earnings.
* Small.
* Led by dedicated founders or long-tenured CEOs.
* Fiscally conservative.
* Profiting from a wide market opportunity.
A substantial portion of our gross sales are derived from our Monster Energy® brand energy drinks. Any decrease in sales of our Monster Energy® brand energy drinks could significantly adversely affect our future revenues and net income. Competitive pressure in the “energy drink” category could adversely affect our operating results.
During the fourth quarter of 2007, we announced a price increase for our Monster Energy® brand energy drinks in 16-ounce cans and our Java Monster™ line of non-carbonated dairy based coffee drinks, effective January 1, 2008. We estimate that gross sales for the three-months ended March 31, 2008 were reduced by approximately 8% to 9% as a result of purchases made by our customers in advance of such price increases. During the fourth quarter of 2007, we did not limit the amount of purchases our customers could execute at our existing 2007 fourth quarter prices.
Gross sales shipped outside of California represented 76.4% and 68.9% of our gross sales, for the three-months ended March 31, 2008 and 2007, respectively. Gross sales to customers outside the United States amounted to $17.0 million and $5.6 million for the three-months ended March 31, 2008 and 2007, respectively. Such sales were approximately 7.0% and 2.9% of gross sales for the three-months ended March 31, 2008 and 2007, respectively.
Our customers are typically retail grocery and specialty chains, wholesalers, club stores, drug chains, mass merchandisers, convenience chains, full service beverage distributors, health food distributors and food service customers. Gross sales to our various customer types for the three-months ended March 31, 2008 and 2007 are reflected below. The allocations below reflect changes made by us to the categories historically reported.
Cash flows provided by operating activities – Net cash provided by operating activities was $25.9 million for the three-months ended March 31, 2008, as compared to $48.0 million in the comparable period in 2007. For the three-months ended March 31, 2008, cash provided by operating activities was primarily attributable to net income earned of $28.8 million and adjustments for certain non-cash expenses consisting of $2.1 million of stock-based compensation and $0.7 million of depreciation and other amortization. For the three-months ended March 31, 2008, cash provided by operations also increased due to a $7.7 million increase in income taxes payable, a $3.9 million increase in accounts payable and a $3.3 million increase in accrued liabilities. For the three-months ended March 31, 2008, cash provided by operating activities was reduced due to a $11.6 million increase in inventories, a $3.8 million increase in prepaid expenses and other current assets, a $3.1
http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=5925397-77342-141490&type=sect&dcn=0001104659-08-032305
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