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ESDI: Big Bottom Distilling expected to be accretive to current earnings.

06-19-2017
By Ian Gilson, PhD, CFA

OTC:ESDID
 
Eastside Distilling (OTC:ESDID) has reported that the introduction of (recently acquired) Big Bottom Distilling's product line into the Oregon retail tasting locations has been highly successful. These sales have above average profitability and sales are up over 200% as compared to June of 2016. Management stated that the acquisition should immediately accretive.
 
Now that the stock reverse split is effective the stock will trade as ESDID for 20 trading days before it reverts back to ESDI.
 
Once the stock was trading under the new symbol the price recovered to a more rational level. However, with such a small number of shares outstanding, we expect continued volatility in the stock price.

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