SPoT Coffee (Canada) Ltd V.SPP

Alternate Symbol(s): SCFFF

Consumer Cyclical Restaurants

SPoT Coffee (Canada) Ltd. (SPoT) is a Canada-based company, which designs, builds and operates community-oriented cafes. SPoT operates Company-owned cafes in Canada and the United States. The Company has a total of approximately 25 cafes operating, in development or under construction in the states of New York and Connecticut, including seven corporate-owned cafes located in Buffalo, Rochester, Saratoga Springs, Elmwood, Glens Falls, Orchard Park and North Tonawanda, 11 Operating Franchise cafes Kenmore, Hertel, West Hartford, Hamburg, Roswell Park, Clarence, Williamsville, Waterfront Village, Amherst, West Seneca, Niagara Falls and five SPoT Tops cafe locations, two Express cafes operating under license to Chartwells at the Buffalo State College. Its wholly owned subsidiaries include SPoT Coffee International Inc., SPoT Coffee Buffalo Inc., SPoT Coffee Transit Inc., Valshire SPoT Inc., SPoT Tonawanda, LLC and SPoT Orchard Park, LLC.

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SPoT Coffee (Canada) Ltd

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Comment by jon8034on Jan 11, 2007 1:38pm

209 Views

Post# 11995766

RE: BANKRUPT

Cash flow is 8 million a year from current operations. 8 million in debt, 8 million a year in income, plus land assets including those wells that are PRODUCING 8 million per year, plus exploration upside once they use current operations to retire debt. All of this for a market cap of 7.7 million - that is LESS than 1 year of cash flow. Looks good to me so I bought some. A good possiblity is the outgoing CEO is selling off his free compensation shares. Time will tell.

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