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(source: TradingView)
While New Mexico Food Distributors, Inc. and Karsten Tortilla Factory, LLC (collectively referred to as “Foods of New Mexico”) acquisition should help TTCF to significantly increase its manufacturing capabilities, the company is undeniably hemorrhaging money. Its increasing expenses and losses do not justify its lofty valuation. TTCF has lost 5.3% so far this year. And given the company’s bleak financials, we think the stock could be a risky bet right now.
