Nascent Foodservice Inc. (NCTW.OB) Obtains 18-24 Month Price Target of $3.00 and “Speculative Buy” Rating
Nascent Foodservice, which is in the early stages of development, is currently Mexico’s largest importer of food products. Currently they are seeking an aggressive growth strategy by acquiring other distribution centers and consolidating operations to reduce fixed costs. Having recently acquired Pasani Foods and Groupo Sur Promociones located in Mexico City, Mexico; the company now has access to Mexico City’s 19 million residents. There is many more opportunities within the Mexican market to buy other distribution centers and consolidate as they are over 25,000 smaller distribution centers nationwide. What makes them so attractive is their ability to buy competitors at…