Northland Capital Markets Initiates Coverage on Pulse Beverage Corp (OTCQB:PLSB) with an Outperform Rating - Video Research Alert on InvestmentPitch.com
(Thomson Reuters ONE) -
Vancouver, British Columbia, July 24, 2013 - Northland Capital Markets has
initiated coverage on Pulse Beverage Corp (OTCQB:PLSB). Analyst Reed Anderson
gives the company an outperform rating, and a 12 month target price of $2.25, a
premium of 114% to the $1.05 price the day the report was issued.
InvestmentPitch.com has produced a "video research alert" about Pulse Beverage
based on this report. If this link is not enabled, please visit
www.InvestmentPitch.com and enter "Pulse Beverage" in the search box.
Pulse Beverage is a rapidly growing company focused on niche beverage markets.
They sell ready-to-drink beverages in two key categories: lemonades and
functional beverages.
The company is one of the very few offering an all-natural lemonade, marketed
under the Cabana brand. Their functional beverage, sold under the PULSE name, is
currently available in three formulas: men's health, women's health and heart
health.
Consumers are increasingly demanding beverages that are healthy, nutritious and
convenient.
Pulse has the benefit of incorporating patented liposome nano-dispersion
technology, originally developed by healthcare giant Baxter, that allows the
body to absorb nutrients at a high rate, helping to differentiate from products
such as Vitaminwater.
National distribution is typically realized in three or four years, while Pulse
has been able to establish a national network of distributors in a little over a
year. They currently have over 90 distri9butors covering 44 states, Mexico,
Canada, Panama and Bermuda. In addition to new formulations, Pulse is targeting
international growth in key emerging markets like China.
Northland Capital Markets believes it's highly probable that Pulse will be
acquired by a much larger player within the next 5 years.
Analyst Reed Anderson stated, "Pulse Beverage sales, we estimate, are on track
to grow from $2.3 million in 2012 to $5.3 million in 2013 and $21.9 million in
2014. Importantly, the company is nearly cash flow positive today and volume and
growth are the primary determinants of valuation in the beverage industry,
especially for niche players."
The company currently trades at $1.10, below the $2.25 target price, and with
51.4 million shares outstanding, the company is capitalized at $56 million.
For more information about the company, please visit www.pulsebeverage.com, or
contact Bob Yates President & CEO at 720-382-5476 or email
ryates(at)pulsebeverage.com..
Investor relations for Pulse Beverage is handled by Lance Beckham at Acorn
Management Partners, who can be reached at 678-368-4012 or by email at
lbeckham(at)acornmanagementpartners.com.
For more information about Northland Capital Markets or to obtain a copy of
their research, please visit the company's website
www.northlandcapitalmarkets.com or call 612-851-5900.
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Datum: 24.07.2013 - 23:28 Uhr
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News-ID 281624
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