HBFG got a lot of attention last year from some small cap investor sites. It provides plant-based snack foods and has moved into and/or acquired other food franchises. It just bought Smile Tiger coffee. Revenues are growing, but with a market cap of $170M on 12-month revenue of just $6.5M it is exceptionally expensive. It has one analyst (Ventum Financial). Cash flow has been running negative. But it is certainly growing. System sales were up 488% in the recent quarter. Insiders own 11% and have been net buyers in the last six months. Operationally, we like the company's moves and it is certainly getting attention. With fast growth, we can overlook high valuations, usually. But in this case valuation remains an issue for us, considering sector and small cap risks are thrown in as well.
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