For Castle Brands, ticker symbol ROX, I believe its position as a takeover target is justified. This is due to the fact that the brands are growing in the retail sector. With the recent push to be in all Walmart stores, the footprint of the brands is increasing. This could potentially also lead to more brands being in stores.
Furthermore, the lack of quality spirits brands up for sale leaves ROX in a good position for a buyout offer. There are few small to mid cap companies up for sale and Castle Brands is close to being a profitable company. With a nice amount of revenue, this makes for a good target.
In full disclosure I must disclose that I have no position in ROX.
Furthermore, the lack of quality spirits brands up for sale leaves ROX in a good position for a buyout offer. There are few small to mid cap companies up for sale and Castle Brands is close to being a profitable company. With a nice amount of revenue, this makes for a good target.
In full disclosure I must disclose that I have no position in ROX.
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