DTEA

DTEA: Two Days Out

DAVIDsTEA (DTEA) presents a great example of what the community does at Breakout Investors. Some of the thought leaders in the network identified the opportunity way back in late 2020, when the stock was trading below $2 per share. DAVIDsTEA Inc. is a retailer of specialty tea in Canada and the United States. It formerly […]

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DTEA Hitting New 52 Week High

After breaking out on Friday DTEA (disclosure: long) is finally hitting a new 52 week high today. Is this just market frenzy or is the market already anticipating a good CCAA outcome (expected in March) and Q4 numbers? Site visits are clearly up in November and December so that is certainly confirmation for a good […]

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SA Update on David’s Tea

Good article this morning on Seeking Alpha updating the bull case on David’s Tea (DTEA). With the continued strong momentum in its e-commerce and wholesale channels, DavidsTea posted another quarter of impressive growth in its two main distribution channels. In the third quarter, sales from e-commerce and wholesale channels increased by 145.5% to $22.1 million from $9.0 […]

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DavidsTea with a Monster Quarter

DavidsTea DTEA (disclosure: long) has reported results for Q3 2020 yesterday AH. I was extremely good with e-commerce and wholesale revenue up more than 145% over the prior year, consisting now of 84.3% of total sales. Operating Income and EBITDA also surprised to the upside with $2.3M and $3.3M, respectively (before restructuring adjustments and wage […]

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DavidsTea is Rocketing

…into the close and after hours. DTEA (disclosure: long stock and call options) had a very good day probably due to speculation about a cannabis partnership and this tweet announcing something special tomorrow. The image looks like a subscription box. This would be great timing for Christmas since Q4 is by a very wide margin […]

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