Castle Brands Trough-Bound

Tags: rox
3 Dec 5:32am
Posted by ZacksResearch
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Castle Brands, Inc. (ROX) is a small capitalization company in the premium spirits industry. The company has an established distribution network in the United States.

Despite rapid sales growth garnered through strategic relationships, joint ventures and acquisitions, the company has consistently operated at a loss, being funded by financing activities, including its IPO in April, 2006 and private placements in May 2007 and October 2008. The value of the company is in its distribution network and the national distribution agreements for certain brand-name premium spirits.

There is a concern regarding the company's ability to continue as a going concern. The stock's rating is a Hold.

Read the full analyst report on ROX




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