If you’re one of those traders who is always searching for one of those unsung heroes of a penny stock, look no further than Coastal Foods, Inc. (CSFD). All of the components one could wish for like decreasing debt, 8 figure revenues that are growing and a share structure that would make your moth water are present when looking into CSFD stock. If you think that the sweet tooth industry of cookies, brownies, cupcakes and pies is on the verge of collapse, then waste no more time looking into this undervalued hidden gem of a company.
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CSFD Stock Quote
Market Cap: 3.87M
Last (Feb. 19): 0.42
Volume: 10,000
52 Wk High: 0.55
52 Wk Low: 0.16
Authorized: 20,000,000
Issued and Outstanding: 9,202,523
Officers and Directors: 4,173,200
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Coastal Foods is not your typical pinksheet listed company. First of all they only have 20,000,000 shares authorized as compared to most others on the pinks which have between 300,000,000 and 1,000,000,000. Secondly, they are not the PR pirates that most other pinksheet listed companies are, having been totally silent on that front and simply focused on doing what they do best out of their 77,000 sqft manufacturing warehouse in Houston, Texas.
We took an in depth look at Coastal Foods shortly after they reported their December 31, 2013 year end results where net sales reached $21,453,099 compared to $20,000,993 the year prior. Sure the growth rate was only 7.26% over the 12 month period, but there are some impressive improvements in other areas which command some respect and attention.
Total costs of goods sold for the year ended December 31, 2013 were $15,480,991 versus $14,409,837 for the same period in 2012, an increase of $1,071,154. However, Due to the increase in net sales, gross margin for the year ended December 31, 2013 were $5,972,108 versus $5,591,156 for the same period n 2012, an increase of $380,952 or 6.81%. The increase was a contributing factor in Coastal Foods’ ability to post net income for the year ended December 31, 2013 of $982,503 versus just $504,700 for the same period in 2012.
With no increase in issued and outstanding shares of CSFD stock, that’s an increase in EPS from $0.0548 for the year ended December 31, 2012 to $0.10676. Add in that fact that Coastal Foods decreased their long-term debt during the course of 2013 from $14,019,307 to $13,935,632 and you’ve gt yourself one heck of a healthy company staring you right in the face.
As for CSFD stock, well, it get’s about as much attention as Coastal Foods does even though most consumers have already paid to put something they make into their mouths.
Coastal Foods began in 24 years ago selling pie shells to HEB grocery stores based out of San Antonio, Texas. Over the course of time. they have manufactured and partnered with some of the largest food companies in the world. In 1995, Coastal Foods rolled out a pot pie line to service over 7,500 units for Kentucky Fried Chicken which is owned and operated by YUM! Brands, Inc. (NYSE:YUM). In 2002, they helped to develop and roll out a scone for General Mills, Inc. (NYSE:GIS) which was carried in over 4,000 Dunkin’ Brands Group, Inc. (NSADAQ:DNKN) locations throughout the U.S.
Five years later, in January, 2007, Coastal Foods merged with Great Lakes Baking from Chicago which increased their product line and customer base to a point which allowed the Company to expand into additional club store and retail markets which has provided the opportunity by which they increased their sales by over 300% between 2008 and 2012.
See, isn’t CSFD just the sweetest penny stock you’ve ever seen?
About CSFD Stock
Coastal Foods, Inc. is a manufacturer of baked & frozen bakery products, which include scones, brownies, pie shells, cupcakes, tart shells, muffins, cakes, health bars, biscuits, & mini-pastries, for customers int he U.S. and Mexico with the majority of business conducted as a contract co-packer.
Click here to view the financial filings for CSFD.
Click here to view the website for Coastal Foods.
Last 5 Trading Sessions:
| Date | Open | High | Low | Last | Change | % Change | Volume |
| 02/19/14 | 0.4200 | 0.4200 | 0.4200 | 0.4200 | +0.0700 | +20.00% | 10,000 |
| 02/13/14 | 0.3500 | 0.3500 | 0.3500 | 0.3500 | unch | unch | 2,500 |
| 02/12/14 | 0.3500 | 0.3500 | 0.3500 | 0.3500 | -0.1000 | -22.22% | 1,500 |
| 02/10/14 | 0.4500 | 0.4500 | 0.4500 | 0.4500 | +0.2000 | +80.00% | 400 |
| 01/29/14 | 0.2500 | 0.2500 | 0.2500 | 0.2500 | -0.1000 | -28.57% | 6,200 |
Bottom Line:
The search for amazing penny stocks is always taking place and CSFD ranks up there among some of the best we’ve ever discovered. At 0.42, CSFD stock is trading at 4X EPS! The fact that they even have EPS should be amazing in and of itself, but couple that with a float of just over 5,000,000 speaks volumes should a large number of eyes one day begin to focus on them. Honestly, I don’t see how they haven’t been taken over at this price.
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