BAKS price hikesHello fellow Verde shareholders,
The web prices for the top 4 BAKS products were increased today as shown on this site:
Products - Green Online (verde.ag) For example the
BAKS10.29 K2O jumped from $33,635 to $34,580 an increase of 2.8%, and the
BAKS12.0 K2O jumped from $30,170 to $32,095 an increase of 6.4%.
This selective increase would appear to support the conclusion that demand is strong for these particular products, and the Company can safely raise the spot price without fear of leaving unsold product on teh shelf. With the current limited capacity out of Plant 1, higher prices are one tool to use to match the available supply to the growing demand (an maximizing the revenue generated by that limited supply.
These additional increases, coming as they do in the last 3 weeks of the third quarter, add to the confidence shareholders are expressing that the Q3 results will be very strong, at least on the Gross sales/Gross margin level.
Cheers,
S.