Topic: How To Invest

Q: Pat, have you heard of New Age Beverages? What’s your assessment, please?

Article Excerpt

A: New Age Beverages Corp., $5.50, symbol NBEV on Nasdaq (Shares outstanding: 75.4 million; Market cap: $404.7 million; www.newagebev.com), makes dietary supplements and ready-to-drink beverages (mainly teas and juices) under a variety of brands. These include Tahitian Noni Juice, TruAge, Xing Tea, Aspen Pure, Marley, Búcha Live Kombucha, PediaAde, Coco Libre, BioShield, and ‘NHANCED Recovery. Those products use natural and organic ingredients; they refrain from using high-fructose corn syrup and genetically modified organisms. In addition, New Age makes skin creams and lip-care products. The company sells its products through retailers in over 60 countries, as well as over the Internet. New Age took its current form in June 2016 when its predecessor firm, American Brewing Company, Inc., sold its beer brewing operations and acquired several non-alcoholic beverage brands, including Xing Tea and Búcha Live Kombucha. In March 2017, the new company acquired the assets of Maverick Brands, including their brand Coco-Libre. In June 2017, New Age purchased the rights to the Bob Marley brands…