ChristopherCarrollSmith

Coffee Holding Company Earnings Play

Long
NASDAQ:JVA   COFFEE HLDG CO INC
Coffee Holdings Co. ( JVA ) reports earnings Monday. JVA's earnings have beaten estimates about half the time and missed the other half of the time. Historically, earnings beats have led to at least a few days of strong price performance for JVA .

Stocks whose share price has recently declined tend to get the biggest bump from earnings beats and the smallest drops from earnings misses. JVA is down over 40% from its February peak, making it a good candidate for an earnings play. This is a particularly risky kind of bet to make, but the rewards from a winning bet are high.

As a bonus, JVA is a pretty solid stock, even setting earnings aside. It's rated a good quality, financially healthy, undervalued company by S&P Capital IQ .
Comment: Apparently the earnings date I had for JVA was incorrect, and we're now looking at a 1-2 week wait before earnings.
Comment: Coffee Holding Co. popped 2.5% despite disappointing earnings.

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