Jones Soda Shares Above $2: New 52-week High

Jones Soda Co. (NASDAQ:JSDA) shares continue their run from yesterday, in early trading they got as high as $2.32 and are now sitting comfortably over the $2 level.

THE BULLS RUN WITH JONES
The Seattle soda company is back in the spotlight after it all seemed like the end was coming.

Jones Soda Co. (NASDAQ:JSDA) shares now up 188% in the past five trading sessions. The spike can be attributed last Thursday when Jones announced a retail deal with the king of all retailers -- Wal-Mart (NYSE:WMT).

Jones Soda is now silently rapping one of LL Cool J's classic lines, "don't call it a comeback, I've been here for years."

GO JONES GO
In March Jones Soda Co (JSDA) terminated the exclusivity provisions of a potential merger deal with Reed's Inc (REED) to explore an unsolicited bid by a third party.

The deal on the table at that time was for Reed's in a cash-and-stock deal pick Jones Soda for about $9.7 million. Its a damn good thing that didn't happen, thanks to Jones shares now trading at $2.03, the company's market cap is now worth $53.38 million. How about them apples?

At the end of March Jones reported a net loss of $4.5 million, or ($0.17) per share, for the quarter ended December 31, 2009, an increase of 33% over the fourth quarter 2008 net loss of $3.4 million, or ($0.13) per share, with the current quarter including $2.0 million in non-cash charges for excess inventory and fixed asset write-downs.

The Company reported a net loss of $10.5 million, or ($0.40) per share, for 2009, an improvement of 31% over the 2008 net loss of $15.2 million, or ($0.58) per share.

Congrats to the company and the shareholders that stood by when its shares got down to 40 cents, may the last soda win.

source: http://thestockmasters.com/jones-jsda-06012010