Ever since the e-cigarette market created itself as an alternative to traditional tobacco burning cigarettes, companies have been jockeying for position as “top dog” in the highly competitive and fragmented industry. One particular penny stock in this sector, Vapor Corp. (OTC: VPCO), seems to have aggressively taken that position already with 2012 sales expected to top over $20 million. After looking deeper into VPCO stock and crunching the numbers, it appears as if Nasdaq listing is within reach of this marketplace leader which is trading at a fraction of its true value.
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VPCO Stock Chart
Market Cap: 45.74M
Last: 0.76 ▲ 0.0151 (2.03%)
Dollar Volume: $49,390
Issued and Outstanding: 60,185,344
14-Day Rel Strength: 68.62%
14-Day Stochastic: 40.80%
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With Q4 numbers and full 2012 numbers due to be filed within a few weeks, Vapor Corp. showed some extremely strong growth through the first 3 quarters of last year. Sale for the nine months ended came in at $16.84 million versus $12.63 million for the same period in 2011, an increase of more than 31%. For the three months ended September 30, 2012, sales grew by $524,729, 15.8%, to $3,855,568.
Although the growth in sales for the first nine months of 2012 was not quite enough to produce positive net income for the period as it had done for the same period in 2011, $504,333, the bullish behavior since the start of 2013 on VPCO stock tends to indicate that a surprise is due when the 10-K filing is made public.
Some savvy traders already caught on to the future path of the Company as soon as the 8-K filing on December 12 announced Christopher Santi would now serve as the Company’s Chief Operating Officer who has a 10-year option to purchase up to 100,000 shares of VPCO stock at an exercise price of $0.23 vesting annually at the rate of 25,000 per year. This alone indicates why the share price is trading at a fraction of its value.
Penny stock investors already know of the cult following Rapid Fire Marketing, Inc. (RFMK) has as it attempts to break into the e-cigarette market. Considering that Vapor Corp. already has a strong foothold on both the distribution side, but also in the name recognition with their vast array of tobacco-less smoking products, it’s a no-brainer to see why VPCO stock took the jump it did at the start of the year and is trading at 0.43 above the 50 day moving average. To see the PPS hit above $1 between now and the 10-K filing would not be a surprise.
While some short-seller tactics try to dummy up some cheap commentary to get a chance to get some cheapies, the shocker is set to come when traders and investors alike find out that the float is much smaller than they expected which is undoubtedly due to propel VPCO stock into the $1 and above level. Even though no legal council has yet to be hired to prepare for any uplisting to the Nasdaq, that action would appear to be an event investors might expect at some point n 2013, perhaps even a buyout offer is sales continue to grow at the same rate.
About VPCO Stock
Vapor Corp., and its wholly owned subsidiary Smoke Anywhere USA, Inc., designs, markets and distributes electronic cigarettes and accessories under the Fifty-One®, Krave®, VaporX®, EZ Smoker®, Green Puffer®, Americig®, Fumar™, Hookah Stix™, and Smoke Star brands. Click here to view the SEC filings for VPCO.
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Bottom Line: VPCO look like a true undiscovered gem which could one day be listed on the top penny stocks traded list. With no PR or awareness campaigns, VPCO stock could burst out with some investor relations or PR issuances well beyond the level its trading at now.
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