Dutton Associates continues its coverage of Vita Food Products (AMEX:VSF) maintaining a Neutral rating. The 7-page report by Dutton senior analyst Gerald F LaKarnafeaux, CFA is available at www.jmdutton.com as well as from First Call, Bloomberg, Zacks, Reuters, Knobias, and other leading financial portals. Vita Food Products has been providing full year 2006 earnings guidance during the year of a range of $0.21 per share to $0.25 per share compared to a loss of $0.23 per share in 2005. In order to achieve this range the third quarter ending September 30, 2006 earnings had to approximate $0.06 per share versus a loss of $0.07 per share in the comparable 2005 period. The Company reported a disappointing and unexpected loss of $0.15 per share in the September quarter. The Company�s seafood products - smoked salmon and herring - have held a leading position in national and regional markets for over seven decades. Vita has a strong distribution structure with its network of approximately 60 retail and institutional brokers and 17 distributor warehouses including three Company owned locations. The poor operating performance from 2003 through 2005 resulted in management changes and a management restructuring in late 2005 and mid 2006. On a more positive note are the operating results, particularly sales results, of the first six months of 2006 while the third quarter was a reversal of the positive trend. About Dutton Associates Dutton Associates is one of the largest independent investment research firms in the U.S. Its 31 senior analysts are primarily CFAs, and have expertise in many industries. Dutton Associates provides continuing analyst coverage of over 140 enrolled companies, and its research, estimates, and ratings are carried in all the major databases serving institutions and online investors. The cost of enrollment in our one-year continuing research program is US $35,000 prepaid for 4 Research Reports, typically published quarterly, and requisite Research Notes. Dutton Associates received $96,250 from the Company for 16 Research Reports with coverage commencing on 5/07/2002. The Firm does not accept any equity compensation. Our principals and analysts are prohibited from owning or trading in securities of covered companies. The views expressed in this research report accurately reflect the analyst's personal views about the subject securities or issuer. Neither the analyst's compensation nor the compensation received by us is in any way related to the specific ratings or views contained in this research report or note. Please read full disclosures and analyst background at www.jmdutton.com before investing.
Vita FD Products (AMEX:VSF)
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