Reposted with screenshot.
My positions: See title - $3k in Utz shares, avg cost $12.81.
Overall thesis: I think Utz Brands will be sold EVENTUALLY and stock should rise significantly when those rumors begin to fly.
Financials: Less debt than they used to have, on account of selling like 5 plants and low moving brands to Our Home. Seems like an attempt to cover some debt and improve financials. Massive staffing cuts and emphasis on cost savings programs. Minimally impacted by upcoming tariffs. Plus, existential dread should equal more salty snack eating.
Leadership: Mike Rice (one of the last ties to the original family and didn't want to sell) retired Aug'24. Ajay Kataria (CFO) was brought on to help them go public, he has been recently replaced.
Market: Snacking is on trend right now, and larger companies are getting involved (Cambell's acquisition of Snyder's of Hanover and Cape Cod potato chips, Hershey's acquisition of Skinny Pop, Lesser Evil, and Dots Pretzels, Mars acquisition of Kellanova). Why not Utz next?
Share price: Lowest share price post-COVID is $11.63. Current price $12.07.
Recommendation. LONGGGG play. Purchase shares at $11.50-$12. If nothing else, they usually rise in the two weeks prior to dividend payouts.
Okay, go ahead and rip me :)
