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Market Data: Yahoo Finance, Bloomberg, SEC Filings

Report Link: Updated Research Report (Dated 12/14/2018)

Symbol: MMMB

Analyst: Howard Halpern

Taglich Rating: Speculative Buy

Price Target: $1.50

Time Horizon: 12 Months

Rating Established: November 20, 2017

Price When Established: $1.25

Most Recent Report: December 14, 2018

Price When Issued: $0.71

What's New

MMMB Announces New Credit Facility

Effective January 4, 2019, the company transitioned to a new $3.5 million working capital line of credit with M&T Bank at LIBOR plus four points with a two-year expiration. MMMB also arranged for a $2.5 million five-year note with M&T Bank at LIBOR plus four points.

Initially, the company estimates paying a 6.5% per annum interest rate compared to an average of over 12.5% per annum on its old debt obligations.

Starting in January 2019, the company anticipates the new financing should initially improve cash flow by approximately $121,000 per month due to lower interest and debt payments, and other expenses.

However, the company is expected to record a one-time charge of $121,500 for termination of its existing loans.

Company Description

MamaMancini’s Holdings, Inc., headquartered in East Rutherford, NJ, is a specialty prepared foods marketer and distributor of natural, authentic Italian meatballs containing beef, turkey, chicken, and pork combined with its homemade slow cooked Italian sauce and other Italian products.

Company Reports

Updated Research Report (Dated 12/14/2018)

Updated Research Report (Dated 09/24/2018)

Updated Research Report (Dated 06/28/2018)

Updated Research Report (Dated 05/30/2018)

Updated Research Report (Dated 12/21/2017)

Initial Research Report (Dated 11/20/2017)


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