IVFH | Innovative Food Holdings Is Big Time On The Up And Up

IVFH Stock, OTC IVFH, Innovative Food Holdings Inc.,hot penny stocks, hot otc stocksAre you a hungry trader looking for a long position which could double or better within the next 12 months? Well, check out the penny stock of Innovative Food Holdings, Inc. (IVFH) which is having a huge week thus far after ending August with some serious momentum. If the volume levels being traded on IVFH stock are just not good enough for you to think you sink a couple of bucks into it for a ride, check out what they have done over the last 12 months and reconsider your opinion.

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IVFH, IVFH Stock, OTC IVFH, IVFH Stock Quote, IVFH Stock Chart, Innovative Food Holdings Inc.,hot penny stocks, hot otc stocks, Artisan Specialty Foods Inc., Food Innovations Inc., Food New Media Group Inc., Gourmet Foodservice Group Inc.,4 The Gourmet Inc.,For The Gourmet, Inc.IVFH Stock Quote

Market Cap: 5.66M
Last: 0.88 ▲ +0.13 (+17.33%)
Volume: 62,265
Dollar Volume: $52,526
Open: 0.80
New 52 Wk High: 0.923
Low: 0.799
Trades: 29
Authorized: 500,000,000
Issued and Outstanding: 6,430,192
14-Day Rel Strength: 85.42%
1st Resistance Point: 0.9357
1st Support Level: 0.8117

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Straight from their corporate website: “Food Innovations is a Chef-driven, Chef-operated company dedicated to assisting culinary creativity by supplying the best specialty perishables and non perishables available in the world.” When you put people in charge of a business who have been on the other side of the table in their previous ventures, what you usually come up with is perfection.

During the course of 2012, Innovative Food Holdings found a way to beat the recession and virtually destroyed their 2011 numbers. During the year ended December 31, 2012, sales increased by $7,057,674, or approximately 61%, to $18,610,487 versus $11,552,813 for the 12 months ended December 31, 2011. A major portion of the increase, $3,406,391, or 29.5% f the increase in sales, came due to the company’s acquisition of Artisan. The rest was due to a significant increase in sales of specialty items, and smaller increases in meat and game and cheese products.

While that’s is all fine and dandy, 2013 is on pace to beat those numbers by about $4,000,000.

For the 3 and 6 months ended June 30, 2013, sales for Innovative Food Holdings reported sales of $5,518,949 and $11,126,270, respectively, as compared to $4,352,871 and $7,638,178 for the same respective periods in 2012. At the same time, total operating expenses have barely budged increasing to $1,208,343 for the 3 months ended versus $1,122,172 for the same period last year, and $2,408,957 for the 6 months ended versus $1,781,809 for he same period last year.

An increase in half year revenues of roughly $3.5 million with an increase in total operating costs of just about $620,000 is pretty indicative of a Company who has their ship together.

Now, IVFH stock is just a year off of a 1-for-50 reverse stock split, but at the same time, the small issued and outstanding amount, coupled with the enormous percentage of which insiders own, has IVFH begging for some attention. With sales due to break $20 million this year and positive EPS just a Q or 2 away, let’s just say that if Innovative Food found the need to PR their activities, this cold easily go from a good tasting hamburger to a great tasting filet mignon before you could ask for someone to pass the Grey Poupon.

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About IVFH Stock

Innovative Food Holdings, Inc., and its wholly owned subsidiaries, Artisan Specialty Foods, Inc., Food Innovations, Inc., Food New Media Group, Inc., Gourmet Foodservice Group, Inc., and 4 The Gourmet, Inc. (d/b/a For The Gourmet, Inc.), is in the business of providing premium foodservice establishments, including white tablecloth restaurants with the freshest origin-specific perishables and specialty food products direct from its network of vendors to the end users (restaurants, hotels, country clubs, national chain accounts, casinos, and catering houses) within 24 – 72 hours.

Click here to view the SEC filings for IVFH.
Click here to view the website for

Last 5 Trading Sessions:

Date Last Change Volume
09/05/13 0.8800 +0.1300 +17.33% 62,515
09/04/13 0.7500 +0.1400 +22.95% 87,000
09/03/13 0.6100 +0.1401 +29.81% 74,900
08/29/13 0.4699 +0.0199 +4.42% 6,200
08/28/13 0.4500 -0.0150 -3.23% 9,000

 

Bottom Line:

Setting a new 52 week high within minutes of the open today, IVFH is one hot penny stock. Despite the PPS increase of nearly 100% in the last 5 trading sessions, take a close look at IVFH stock in your free time while you check in periodically to see how much more Psycho can get dumped on by Mister today.

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