Vapor, Co. (OTCMKTS:VPCO) Stalls on Lack of News
For Vapor, Co. (OTCMKTS:VPCO) , it is time for a natural correction. The ticker touched for a while temporary heights of $1.40, and now drifts down on a correction. For a few days, the company was silent about its business, and the rising trend stopped. On Wednesday, VPCO stood at 95 cents, down about 4 percent, on dollar volumes upward of $500 thousand.
The company was mentioned several times in passing by well-visited comment sites, so it has exposure, along with a generally lively discussion regarding electronic cigarettes. VPCO is a cash cow business, relatively successful, and so far it is strange it has not been targeted by promoters. The financial documents show:
- $279 thousand cash
- $4.6 million total current assets
- $4.2 million total current liabilities
- $6.3 million revenues
- $123 thousand net income
The spread of smoking bans in more and more countries makes electronic cigarettes a viable alternative. Still, producers are under close scrutiny from regulators, who question the long-term safety of the product.
VPCO was recently boosted by expectations of a buyout, and the market is eager to see some development. On message boards, there was talk of an upcoming statement from the company. Also, there are expectations that VPCO could really burst forward with a targeted promotional effort.
Affymax, Inc. (OTCMKTS:AFFY) is another ticker moving around the dollar level, which could be an alternative choice to VPCO. AFFY was recently promoted, though the emails have been silent for a while. And Blue Earth, Inc. (OTCBB:BBLU) shows a graph similar to VPCO. The small cap energy company is well-supported by a solar power business, and charted a strong upward trend before reversing for more than a week.
Despite the fact that VPCO is featured among red chips, or better-quality small cap companies, the stock has shown it is able to move up and down significantly in a short time, so it is best to decide for yourself what level of losses is acceptable.