Subject: Re: TOFB
That is a *very* small cap stock, indeed.

Average volume 9600 shares, apparently. Combined with a price of ~0.55/sh, it's real difficult to build a meaningful position here. And, getting out will take some work, as well.

According to Yahoo finance, EV/EBITDA is negative - not sure how far I trust this.

I find companies below $20M capitalizations never come without warts. I spend altogether too much time on them because 1) they are interesting 2) they are volatile 3) there are so many bad ones to filter out.

The last one I looked at that small was Miscor (MIGL.OB) which was acquired by IES (IESC) which has worked out well, but they are few and far between. Resource microcaps have been bad and I stay away from them more now - ABCAF ($6.6M), GULTU ($3M), and PTUUF ($10M). Wine/vineyards has been a bit more interesting with CWG ($140M) and WVVI ($30).

Tofutti has some operation issues related to supply chain, increases in input costs, and the death of the founder and longtime CEO. My thesis is that they have a valuable brand in plant based food and enough of an operating business to keep going for a while, even if the numbers are incredibly small. The negative EV/EBITA is a relatively recent and unwelcomed situation, though.