Overhill Farms Inc (OFI, Financial) filed Annual Report for the period ended 2010-09-26.
Overhill Farms Inc has a market cap of $83.8 million; its shares were traded at around $5.3 with a P/E ratio of 10.8 and P/S ratio of 0.4. Overhill Farms Inc had an annual average earning growth of 20.8% over the past 10 years.OFI is in the portfolios of HOTCHKIS & WILEY of HOTCHKIS & WILEY Capital Management LLC, Chuck Royce of Royce& Associates, Steven Cohen of SAC Capital Advisors, Jim Simons of Renaissance Technologies LLC.
A significant portion of our total net revenues during the last three fiscal years was derived from three customers. Panda Restaurant Group Inc., Jenny Craig, Inc. and Safeway Inc. accounted for approximately 27%, 26% and 18%, respectively, of our revenues for the fiscal year ended September 26, 2010. For the fiscal year ended September 27, 2009, Panda Restaurant Group, Jenny Craig, Inc. and Safeway Inc. accounted for approximately 22%, 25% and 17%, respectively, of our revenues. For the fiscal year ended September 28, 2008, Panda Restaurant Group, Inc., Jenny Craig, Inc. and Safeway Inc. accounted for approximately 16%, 24% and 13%, respectively, of our revenues.
The largest purchasers of our products, Panda Restaurant Group, Jenny Craig, Inc. and Safeway Inc., accounted for approximately 27%, 26% and 18%, respectively, of our total net revenues during fiscal year 2010. We expect that our sales to these customers will continue to constitute a significant percentage of our net revenues in fiscal year 2011 and beyond. The loss of any of these customers as a significant outlet for our products could adversely affect our competitive position and operating results if we do not obtain additional customers to offset any change in these accounts.
In fiscal year 2010, sales to airline customers were approximately $8.0 million, or 4.1% of total net revenues, compared to sales of $11.1 million in fiscal year 2009 and $20.7 million in fiscal year 2008, representing 5.3% and 8.7% of total net revenues in fiscal years 2009 and 2008, respectively. Additionally, accounts receivable from airline-related customers accounted for approximately 4.8% and 4.9% of the total accounts receivable balance at September 26, 2010 and September 27, 2009, respectively. Given the financial and business challenges facing the airline industry, we carefully monitor our receivables from all of our customers in this sector. The on-going effect of these challenges on the airline industry, airline revenues, and on our business in particular cannot be accurately determined and could further adversely affect our financial position, results of operations or cash flows by, among other things, decreasing our sales to and making it more difficult to collect receivables from airline customers.
Assuming the exercise of the aggregate options issued to our executive officers and directors to purchase shares of our common stock, our executive officers, directors and stockholders who beneficially own greater than 5% of our common stock would collectively beneficially own, in the aggregate, approximately 43% of our outstanding common stock as of December 8, 2010. These stockholders, if acting together, could be able to significantly influence or control matters requiring approval by our stockholders, including the election of directors and the approval of mergers or other business combination transactions.
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Overhill Farms Inc has a market cap of $83.8 million; its shares were traded at around $5.3 with a P/E ratio of 10.8 and P/S ratio of 0.4. Overhill Farms Inc had an annual average earning growth of 20.8% over the past 10 years.OFI is in the portfolios of HOTCHKIS & WILEY of HOTCHKIS & WILEY Capital Management LLC, Chuck Royce of Royce& Associates, Steven Cohen of SAC Capital Advisors, Jim Simons of Renaissance Technologies LLC.
Highlight of Business Operations:
The aggregate market value of voting common equity held by non-affiliates of the registrant, on March 26, 2010, which was the last trading day of the registrant s second fiscal quarter ended March 28, 2010, was approximately $59.1 million based on a closing price of $6.01 per share on such date on the NYSE AMEX. For purposes of this computation, all executive officers, directors and 10% beneficial owners of the registrant are deemed to be affiliates. Such determination should not be deemed an admission that such executive officers, directors and 10% beneficial owners are affiliates. The registrant has no non-voting common equity.A significant portion of our total net revenues during the last three fiscal years was derived from three customers. Panda Restaurant Group Inc., Jenny Craig, Inc. and Safeway Inc. accounted for approximately 27%, 26% and 18%, respectively, of our revenues for the fiscal year ended September 26, 2010. For the fiscal year ended September 27, 2009, Panda Restaurant Group, Jenny Craig, Inc. and Safeway Inc. accounted for approximately 22%, 25% and 17%, respectively, of our revenues. For the fiscal year ended September 28, 2008, Panda Restaurant Group, Inc., Jenny Craig, Inc. and Safeway Inc. accounted for approximately 16%, 24% and 13%, respectively, of our revenues.
The largest purchasers of our products, Panda Restaurant Group, Jenny Craig, Inc. and Safeway Inc., accounted for approximately 27%, 26% and 18%, respectively, of our total net revenues during fiscal year 2010. We expect that our sales to these customers will continue to constitute a significant percentage of our net revenues in fiscal year 2011 and beyond. The loss of any of these customers as a significant outlet for our products could adversely affect our competitive position and operating results if we do not obtain additional customers to offset any change in these accounts.
In fiscal year 2010, sales to airline customers were approximately $8.0 million, or 4.1% of total net revenues, compared to sales of $11.1 million in fiscal year 2009 and $20.7 million in fiscal year 2008, representing 5.3% and 8.7% of total net revenues in fiscal years 2009 and 2008, respectively. Additionally, accounts receivable from airline-related customers accounted for approximately 4.8% and 4.9% of the total accounts receivable balance at September 26, 2010 and September 27, 2009, respectively. Given the financial and business challenges facing the airline industry, we carefully monitor our receivables from all of our customers in this sector. The on-going effect of these challenges on the airline industry, airline revenues, and on our business in particular cannot be accurately determined and could further adversely affect our financial position, results of operations or cash flows by, among other things, decreasing our sales to and making it more difficult to collect receivables from airline customers.
Assuming the exercise of the aggregate options issued to our executive officers and directors to purchase shares of our common stock, our executive officers, directors and stockholders who beneficially own greater than 5% of our common stock would collectively beneficially own, in the aggregate, approximately 43% of our outstanding common stock as of December 8, 2010. These stockholders, if acting together, could be able to significantly influence or control matters requiring approval by our stockholders, including the election of directors and the approval of mergers or other business combination transactions.
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