Anthony Chiarenza's questions to COFFEE HOLDING CO (JVA) leadership • Q3 2015
Question
Anthony Chiarenza from Key Equity Investors asked for clarification on the company's scaled-back trading program and questioned the strategy regarding significant customer concentration.
Answer
President and CEO Andrew Gordon explained that the company shifted from speculative trading to a more conservative hedging program (one-to-one correspondence) to mitigate volatility. Regarding customer concentration, Gordon acknowledged it but stated the goal of reducing the top customer's share to below 50% was achievable in the coming months, viewing the relationship as a net positive due to the customer's market influence.