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Thursday Is All About…
Sack Lunch Productions, Inc. (symbol: SAKL)
Good Evening,
Get ready for SAKL because the company’s news profile makes it an ideal candidate for day and swing trades.
SAKL recently reported a 43% jump in first quarter revenues and issued another big update on May 8 when it confirmed that system wide sales in May totaled $1.945 million. If you are wondering why SAKL is reporting system wide sales it’s because it has a mix of operations in the entertainment space.
One of these is a subsidiary called Lantern Fest Productions, Inc. which has just signed a deal that will bring its festival event to 3 cities in Tokyo, Japan.
These developments paired with a strong chart setup are helping to fuel the company’s upside potential in the near term. Volatility levels have been good in recent weeks and this has pushed volume to a decent level.
SAKL is trading below its historical high and is just about finding its groove as it makes its way to higher RSI. A look at the chart will confirm to you just what SAKL is doing but suffice it to say, it’s an impressive looking uptrend.
Website: http://sacklunchproductions.com/
Technicals
Chart: http://stockcharts.com/h-sc/ui?s=SAKL
SAKL is trading with a growing uptrend which has pushed RSI to 47. This means the play still has healthy gain potential.
SAKL has surpassed its DMA 50 of .126 and also its 200 DMA of .063 for confirmation that the play is in bullish uptrend.
SAKL is experiencing rising daily volatility. This has pushed average volume above 600K.
SAKL reported strong sales across all its operations totaling $1.945 million.
SAKL has added +2350% to its lower valuations dating back to August last year. The current uptrend is a sign that investors are bullish beyond the near term.
SAKL Reports System-Wide Sales in May of $1.945M
SAKL recently reported total sales of $1,945,144 across all corporate and franchised events in North America for the month of May. Ticket sales for all North American corporate and franchised events were $1,175,294 and $485,870, respectively. The lion's share of ticket sales for May were generated by corporately run Slide the City® events.
“Our Green Endeavors, Inc. (OTC PINK: GRNE) entities contributed $283,980 in realized revenues. GRNE's revenues were up from last year across all three of its Landis Lifestyle Salons locations.”
Richard Surber, CEO of SAKL, commented, "The number of Slide the City® events being held are beginning to hit their stride as the summer heats up and school lets out. This last weekend we held 6 events including 3 Slide the City®, 1 Lantern Fest®, 1 Dirty Dash® and 1 Color Me Rad®. Sales for the first week in June are off to a healthy start. We have had sales exceeding $100,000 in a single day. Sales for our first and newest event, Trike Riot, are underway which is very exciting. May data continues to confirm that SAKL will most likely hit or exceed its 2016 revenue forecast of $18M."
Music Festival Industry Growing In Popularity Where Single Events Can Generate Millions
Multi-day music festivals in North America have gone from a handful to hundreds. As music festivals have gone mainstream, they’re reporting hundreds of millions of dollars in ticket sales and sponsorship revenue. The five biggest festivals combined grossed more than $183 million in ticket sales in 2014 not including sponsorships or merchandise, food and alcohol sales. Coachella grossed a record-breaking $78 million over just two weekends in 2014. Austin City Limits (ACL) made $38 million, Lollapalooza made $29 million, the Outside Lands Festival in San Francisco grossed $19 million and the Electric Daisy Carnival Festival in New Jersey made $7.2 million. More recently, the Stagecoach Country Festival in Southern California reported $18.5 million in revenue earlier this year.
In 2014, a staggering 32 million people attended at least one music festival according to Nielsen Music. Half of them (14.7 million) were Millennials, the most sought-after target demographic for sponsors (which explains the big-budget sponsorships at festivals). Nielsen Music also reported that the average festival attendee traveled 903 miles to attend a festival. Even if you consider that many fans fly to festivals, that’s a huge distance to travel for live music.
Major festivals like Coachella and Lollapalooza regularly sell out within hours of launching ticket sales. Last year, three-day passes to Lollapalooza sold out within one hour! But it’s not just the fans that love these events. Increasingly, musicians are choosing the festival circuit over touring on their own. Even popular bands like Modest Mouse and the Arctic Monkeys play at multiple festivals a year and claim to love it.
Research: http://www.otcmarkets.com/stock/SAKL/quote
SAKL has three major catalysts:
SAKL’s recent financial reporting has been positive and this is a huge catalyst for investors.
SAKL has surpassed its 50 DMA which is a bullish sign
RSI is below 50 which suggests bounce potential from current levels.
Start your research on SAKL now.
Able Trader
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