Free 7-day Trial
All Articles and Columns »

Some soothing words for (VITC) VITACOST.COM INC shareholders.

February 09, 2011 | About:
Vitacost.com, Inc. is an online-retailer of nutritional supplements, and health & wellness products. The Company sells vitamins, minerals, herbs, anti-oxidants, organic body care, personal care, sports nutrition and health foods direct to consumers through its website and its catalogues.

Unfortunately, for all the shareholders, in December 7th Nasdaq halted trading and you’ll find here in the SEC site the explanation.

Giving that infos about this stock were and continue to be very rare, I thought it was useful to report what Baron reported in its Q4 2010 report. BAMCO, Inc (Baron Capital Group Inc.) is the second largest shareholder and, moreover, having been known for their deep understanding and their long term approach to investing, I suppose their view is quite important.

“(...) In early December, Vitacost announced that it was engaged in an internal review of documentation relating to its stock options and share issuance, and that until the review was completed, it would be unable to file its financial statements. NASDAQ halted trading in Vitacost’s stock, in light of these events, our Fair Valuation Committee has valued the stock down 35% from its last trade. The company’s internal review relates solely to its share count and stock compensation expense, and does not involve the company’s revenues, cash flow or business fundamentals. We remain optimistic about the company’s market opportunity and believe the shares are an attractive investment at the Fair Valuation Committee price levels (...)”.

Following is the list of insider transaction after the date of IPO (9/23/09).

Shares offered: 11.00M, Share Price: $ 12.00, Lock-up Expiration Date: 3/22/2010

Name Relation Definition Shares Price Date
KERKER IRA P Officer Exercise or Conv of derivat 25,804 0 9/23/2009
LAMBERT SONYA Officer Exercise or Conv of derivat 34,194 0 9/23/2009
SMITH RICHARD P Officer Exercise or Conv of derivat 53,831 0 9/23/2009
TRAPP ROBERT G Director Open Market Sale -132,164 12 9/24/2009
GORSEK WAYNE 10% Owner Open Market Sale -2.35MLN 12 9/24/2009
LAMBERT SONYA Officer Open Market Sale -34,194 12 9/24/2009
SMITH RICHARD P Officer Open Market Sale -53,831 12 9/24/2009
JOSEPHS ALLEN S Director Open Market Sale -129,234 12 9/24/2009
JOSEPHS ALLEN S Director Open Market Sale -129,234 12 9/24/2009
PABST LAWRENCE Director Open Market Sale -48,772 12 9/24/2009
PABST LAWRENCE Director Open Market Sale -40,000 12 9/24/2009
PABST LAWRENCE Director Open Market Sale -40,000 12 9/24/2009
KERKER IRA P Officer Open Market Sale -89,804 12 9/24/2009
ILFELD DAVID N Director Open Market Purchase 35,000 7.3 11/20/2009
JOSEPHS ALLEN S Director Gift disposition -180,000 0 03/04/2010
JOSEPHS ALLEN S Director Gift acquisition 180,000 0 03/04/2010
PABST LAWRENCE Director Exercise or Conv of derivat 26,000 0.156 3/16/2010
PABST LAWRENCE Director Open Market Sale -26,000 11.99 3/16/2010

About the author:

cor7997

Visit cor7997's Website


Rating: 3.6/5 (5 votes)

Comments

Please leave your comment:


Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK
Hide