Growth Stock Watch

Bravo Foods has announced they are attending the 2005 National Association of Convenience Stores Trade Show.

Read the full press release.

Bravo Foods announced 3Q05 revenue of $3.25 million, nearly four times more than last year’s revenue of $825,000.

They also reported a loss of nearly $5 million, versus last year’s loss of $1.2 million. I can understand that, to some degree, they will be experiencing added production and/or marketing costs.

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The Motley Fool has a great article called No Bread In COSI’s Oven. If you have or are thinking about buying COSI shares, you should definitely give this a read.

In it, they say that they “love the food at COSI, but its business has a history of burning cash that gives this investor heartburn“.

I talked about this in an earlier article, COSI Loses Six Cents Per Share; They’re Still Skewing The Numbers. As I read their news releases I feel like COSI’s management is insulting my intelligence.

I know that the numbers aren’t as great as they are making them out to be. But I’m still shocked the market has boosted the stock so much.

Read the full article.

Bravo Foods announced they would hold their third quarter results conference call Monday, November 14 at 4pm EST.

Read the full press release.

COSI announced their earnings after the market’s close today. If you include “noncash stock compensation expense” - and there are 1.4 million reasons you should - the company lost $2.4 million dollars, or $0.06 per share.

On the surface, this does not seem that bad - especially when you compare it with the 3Q04 loss of $0.12 per share.

But that’s just what management wants you to think. Remember, COSI had a secondary stock offering, so they have not cut their losses in half, but by less than a third. They lost $3.8 million in 3Q04, compared with $2.4 million in 3Q05.

Over the past year, COSI’s shares have been diluted by over 20%, ballooning from 30.6 million to more than 37.5 million.

Read the full press release.