Ourpets Co (OTC:OPCO)

GB Ourpets Co (OTCQX:OPCO) ($1.43; $28.2M market cap), a leading pet supply company, announced the expansion and strengthening of its sales force.  The Company hired Brian Astman as national sales manager.  

Brian is an experienced sales professional who most recently served as the National Sales Manager at Jolly Pets, Inc. and as the National Chain Analyst/Sales Manager at American Greetings, Inc. where he made significant contributions to expanding product placement with national retailers.

The Company also expanded its relationship with Chuck Latham Associates, one of America’s largest independent sales organizations. CLA will now target Pet Specialty Independent Retailers in the Northeast, Southeast, and Midwest.  It is estimated that with the expanded role of CLA, OurPet’s will obtain sales coverage in over 1,500 independent pet retail stores.

GeoBargain $OPCO ($1.64) announced Q2 2017 results:

• Sales of $6.18 million vs $5.44 million in the prior year and slightly ahead of analyst estimates of $6.02 million.

• Net Income grew 59.5% to $246,619 from $154,634 in the prior year.

• EPS of $0.01 vs $0.01 in the prior year and in line with analyst estimates of $0.01.

Quotes from management:

“While our bottom line was substantially higher than the same period a year ago, we are not satisfied with our current operating and net margins. Our SG&A expenses increased to 25.8% of sales from 24.7% for the same period a year ago, primarily due to increased investment in customer sales, marketing and promotional programs. We’ve since initiated cost reduction actions to bring SG&A down without compromising customer satisfaction.”

We are removing Ourpets from the GeoSpecial on the Radar list. The company has yet to break out to a meaningful EPS range.

Added to the GeoSpecial on the Radar list on March 20, 2010 @ $0.74

Peak performance: Reached a high of $0.92 on April 14, 2010.
Current Price: $0.87

We will track the OPCO story.

The company earned a slight profit in 2009:

OPCO shares are trading at a P/E of 26. While not overly fantastic, the strong chart and positive management comments have prompted us to place OPCO on our interview list.  Please note that the 10K has not been filed.

Dr. Tsengas continued, "We stayed the course of our long range business plan and successfully executed our strategy in a volatile business and economic environment. These accomplishments included further progress regarding implementation of our consumer brand strategy as we moved closer to a total consumer brand portfolio. This improved brand equity is expected to provide additional benefits as we continue to increase our market penetration, especially with Play N Squeak, and launch over 100 new products (SKUs) at the International Global Pet Exposition next month. Additional product and marketing initiatives are planned for later this year. We exited 2009 with solid performance and look forward to improved results in 2010."

Source: Marketwire (February 16, 2010)