Penny Stock Alert: Baristas Coffee (BCCI) Is Brewing Up Gains

Something big is brewing out of the state of Washington and it isn’t SBC or Starbucks. Baristas Coffee Company Inc. (BCCI) will be open for business tomorrow in their 5th state as part of their national expansion program, the 1st of 5 in the region. BCCI stock price has now gained 54.35% since bouncing off their June 11 low of 0.046 after closing at 0.071 on volume of 313,857 Thursday. The newest Baristas Coffee, a drive-thru coffee version of Hooters, is scheduled to open June 22 in Scottsdale, Arizona at 17257 E. Shea Blvd.

Have BCCI stock on your list of penny stocks to watch Friday.

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BCCI Stock Chart

Shares Outstanding: 210.82M
Float: 21.84M

Thursday’s Activity

Trades: 30
Avg Trade Size: 10,461

5 Day Avg Volume: 135,966
30 Day Avg Volume: 167,688
Ytd Avg Volume: 471,322

The increased volume, and 6 of the last 7 trading sessions ending in positive territory, is a good indication of the trend BCCI is setting. Since June 13, MACD indicator is showing a clear sign towards bullish sentiment. BCCI stock has resistance at 0.0733 and 0.0757. It would not be out of the question to see the stock test its 13 Week High at 0.12 on the back of some positive news from the Company.

Baristas Coffee announced in April (see here) plans to upgrade the listing of its shares to a senior exchange. In that process, the Company filed its Q1 report. (see here) For the 3 months ended March 31, 2012, the Company reported revenues of $300,011 resulting in a gross profit of $239,439. Net income for the quarter was $84,003.

About BCCI Stock

Headquartered in the Seattle, Washington area, Baristas Coffee Company Inc. was formed to create a national brand of drive-thru espresso stands. The Company is accomplishing this specialty drive through beverage image by having attractive female models as servers, acquiring established businesses that fit its model, opening new locations, and by franchising. BCCI has separated itself from the competition with its “theme” of joining attractive female baristas in entertaining costumes and by specializing in specialty coffees, blended teas, and other custom drinks. In addition, Baristas offers smoothies, fresh-baked pastries and other confections.

The Company currently has locations in 6 greater Seattle area locations as well as in Texas, Florida, Montana, and Arizona. Historically, all stands have been company owned, however, the Company has begun franchising.

To view the Q1 filings for BCCI, click here.

Bottom Line: This penny stock has had runs before which have started out when BCCI stock price is around 0.075. Considering the fact that the Company reported both revenue and net income for Q1, with Q2 and Q3 being more prone to travelers visiting Baristas locations, those numbers could see exponential increases when coupled with the expansion project already underway.

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