We’ve been a longtime fan of The Alkaline Water Co., (WTER) $4.60, first initiating coverage back in 2016 when it was trading at near $1.50 per share and when revenues were only $7 million, up from $3.7 million.
Today the Company announced its shares have been approved for listing on The NASDAQ Capital Market (NASDAQ) as of 12/10/18. They previously announced they applied for the listing on 10/1/18.
The Alkaline Water Co. is one of the fastest-growing, most innovative bottled water companies in the United States. In addition to the announced upgrading to Nasdaq, they also recently announced record revenues and announced expanding their product line portfolio (which we long expected) to include new flavors and infusions including CBD.
To take advantage of November’s market weakness, we added The Alkaline Water Company (WTER) $3.20, Eastside Distilling (EAST) $6.20 and Life on Earth (LFER) $0.26 to our Focus List (names we are ‘extra’ partial to). We have previously added Celsius Holdings (CELH) to the Focus List @ $4.18 and New Age Beverages (NBEV) to the Focus List @ $3.50.
What Should Investors Do Now?
First what we would recommend is NOT to use the news as a ‘trading’ opportunity…