This past winner could be about to ignite
Published: Mon, 05/01/17
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We think ILUS has everything it takes to deliver for us. ILUS chart and technical's looks solid here. It closed at $0.0175, right above multi-week support, with longer multi-month support at $0.01. Just a few days ago ILUS surged from $0.02 to $0.04 in one day. Back in January it ran from around $0.025 to $0.06 in just a few weeks. And back in December it rocketed from around $0.01 all the way to $0.06 in just a couple weeks. That's what we call a "runner". A ticker with a history of making big winning moves. Cache Elite, Inc. (ILUS) is a forward-thinking retail and service provider. The Company provides homeowners with the latest in 3D designs, decorative hardware, stones and all things kitchen, allowing homeowners to access products and make many decisions under one roof at an affordable price. In its efforts to provide its consumers with a luxury brands in the home furnishings and accessories market, ILUS appears to be modeling their business on the likes of Restoration Hardware (RH:NYSE). RH, with a market cap of $1.7 BILLION, recently announced some very nice revenue increases, and expected net profit growth of between 26-55%. If ILUS captures even a fraction of this high end market, they could have some exceptional growth ahead. Headquartered in Scottsdale, Arizona, ILUS operates as an e-commerce and retail kitchen, bath, and appliance supplier. The Company focuses on the sales and design of kitchen furnishings to residential shoppers through the Company's wholly owned subsidiary, Cache Cabinetry, LLC. ILUS has been in operation since 2012 and has formed relationships with trade partners in the construction industry for involvement in their projects. ILUS follows an aggressive growth strategy by expanding the Company's retail locations and product offerings, selling kitchen cabinets, decorative hardware, stones, and appliances through eliteknobs.com, cachecabinetry.com, cacheelite.com, and their physical locations in Scottsdale, Arizona. In 2014 they moved to a larger location, Elite Knobs, to house their kitchen furnishings and decorative hardware. Cache Elite, Inc. The Company prides itself in maintaining a small-firm feel by treating each client with care and consideration. Their high-quality team is hand-picked and complete with diverse skill sets. In a press release today, the Company commented on its preliminary unaudited figures for 2016, Cache Elite Inc. (ILUS) exceeded its top- and bottom-line financial targets in the past financial year. The strong top-line momentum was driven by double-digit sales growth in the Scottsdale locations. From a store perspective, Scottsdale locations sales grew 20% for the full year. Cache Elite Inc. recorded its fifth consecutive year of growth in sales at the Scottsdale locations. As previously announced, the sales growth is projected to further increase with the addition of its new location in Gilbert, AZ. Cache Elite, Inc. (ILUS) will be reporting the unaudited financials in the next two weeks to the OTC Markets. In addition, ILUS issued this corporate update where they noted they had exceeded their goals in revenues for 2016. The Company expects them to be released within the coming weeks on OTC Markets Quarterlies. The revenues were generated through the Company's physical location and e-commerce website. The Company believes a firm opportunity will rise in 2017 with the new store in Gilbert, Arizona. With a solid foundation in place, 2017 is set to be a big year for ILUS. The Company looks to add to its existing store count, positioning the Company for future growth. ILUS looks to continue with their omnichannel approach; creating a seamless shopping experience for consumers, whether the customer is shopping online from a desktop, mobile device or in store. In the early part of 2017, ILUS is committed to moving up in the market tiers to show transparency. In Summary... We think ILUS could be a nice breakout trade off of multi-week support. ILUS has a nice recent history of making big gains. Get ILUS on your radar and be ready for the opening bell. To your success, --------------------------------------------------------------------------------------------------------
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