Yocream Intl Inc (PINK:YOCM)

	Recent 52-week high
	30% Earnings Per Share (EPS) growth rate
	10% revenue growth year over year
	Strong balance sheet
	15% minimum return on equity (ROE)
	8% minimum pre-tax margins
	Under 50 million shares outstanding
	High insider ownership
	Limited institutional ownership
	P/E at least 1/2 of EPS growth rate

Excerpt from GeoBargain & Special Update - Performance Laggards Article

YoCream Intl Inc (PINK:YOCM)

YoCream had a been a great performer for the GeoTeam. However, the Company never really performed after we coded it as a GeoBargain, and momentum stagnated after it reported fiscal 2009 3rd qtr. on Aug 27. YoCream showed weaker growth than what the firm had reported for several of its past quarters.

In that press release the company offered some words of encouragement that could point to an interesting fourth quarter:

…"The third quarter merely saw us catch up with last year's roll out of smoothie sales to a major national account. In fact, sales of our core frozen yogurt products are up 66% in the third quarter. We continue to work with large national accounts. Four more are in test with different products right now. So we expect steady growth ahead for our core products as well as surges in sales should the national accounts approve the products in test."…

…"When asked about capacity to respond to additional surges in sales to large national accounts, Senior Director Matt Hanna reported that YoCream will complete $4 million in FY '09 plant infrastructure capital expansion. This will effectively double the capacity to pasteurize, culture, and package frozen yogurt mix. "We can now run in one shift what was taking us two shifts to produce," he stated. "We believe significant growth is coming and we are prepared to support our core business and new customers.”...

We still have not heard anything from the Company on this account so we are not sure what to expect.

YoCream also recently announced a special dividend. On one hand, this is good news indicating that cash flow remains strong. On the other hand, is the Company attempting to soften the blow of a weaker fourth quarter? We may be over thinking the situation, but we thought short-term investors would want to know. At any rate, we still are optimistic about the long term scenario and are likely willing to accept a few subpar quarters due to the Company’s historical success.

See discussion note from August 27, 2009.