Why e-cigarette play Vapor Corp Shares are Down
Vapor Corp (VPCO) just reported Q2 2014 results and it was not good enough for Wall Street. As a result VPCO shares have shed 1/4 of their value in a heartbeat.
VPCO shares have lost 25% or $1, now trading around $3.15 and even feel below the $3 line today to $2.91. The reason is Vapor Corp missed estimates by a mile. Revenue for the quarter came in at $6.1 million, which missed the Street by $1.9 million. That makes for a -1.6% year over year decline in revenue for the company.
Net loss for the quarter ended June 30, 2014 was $1.1 million compared with a net loss of $54,650 for the quarter ended June 30, 2013.
At June 30, 2014, the Company had cash of $3.3 million compared to $6.6 million at December 31, 2013, a decrease of $3.3 million.
Bottom line: Today VPCO hit a new 52-week low. As much as we believe this company and the entire e-cigarette industry is a great investment (i.e.Vapor is replacing Smoke: How to cash in on the Trend), let the dust settle on this stock before taking a bite.
Best of the Blogs
Scanning and identifying the best blog entries every hour
- Paul Krugman Is The Brian Williams Of Economics Bloggers | ZeroHedge
- Did the Dollar Get its Groove Back? | ZeroHedge
- "We Are Failing To Deliver On Our Obligations As Americans" | ZeroHedge
- Most Americans Are Slaves And They Don't Even Know It | ZeroHedge
- PIIGS Go To War: Spain, Portugal Slam Tsipras' Accusations Of "Conspiracy Plot" To Overthrow Greek Government | ZeroHedge
- Financial Bloggers Are Bullish. Does It Matter? | Financial Sense
- US Savings Rate Surges To Highest Since 2012 As Consumers Save "Gas Tax Cut" Instead Of Spending | ZeroHedge
The most relevant financial news and articles from the Internets
- Federer stuns Djokovic in Dubai | Business Insider
- Venezuela is becoming a naked dictatorship | Business Insider
- Fresh Air is my new favorite weather app for iPhone | Business Insider
- These mind-blowing GIFs explain the workings of a jet engine | Business Insider
- Prince William travels to tsunami-hit northeast Japan | Business Insider
- Prince William meets Xi, visits sites on China visit | Business Insider
- This quote from former chess champion Garry Kasparov... | Business Insider