Added to YB: 2024-08-26
Pitch date: 2024-08-23
IVFH [bullish]
Innovative Food Holdings, Inc.
-76.41%
current return
Author Info
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Company Info
Innovative Food Holdings, Inc., together with its subsidiaries, distributes specialty food and food related products to restaurants, hotels, country clubs, national chain accounts, casinos, hospitals, and catering houses in the United States.
Market Cap
$25.2M
Pitch Price
$1.42
Price Target
2.80 (+750%)
Dividend
N/A
EV/EBITDA
28.09
P/E
31.22
EV/Sales
0.41
Sector
Consumer Staples Distribution and Retail
Category
turnaround
A potential multi-bagger
IVFH: Specialty food B2B platform connecting vendors to restaurants via distributors. Divesting unprofitable e-commerce to focus on high-margin specialty food. New mgmt aims for $100M rev, $10M EBIT. Risks: customer concentration, past dilution. Upside: double in 5yrs. Q2 weak but new customers & retail expansion promising.
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