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The Special Situation At National Beverage: Delayed Is Not Denied
- The LaCroix brand and the Power Plus line make for a growth company hidden within a larger soft drink manufacturer.
- Though delayed relative to my original expectations, CEO Caporella continues to signal that a sale or distribution deal is a top priority.
- Strong free cash flow and an accumulating cash balance mean that the company is in a strong position to pay a special dividend or buy back stock.
- The LaCroix brand would be a coup for a number of multinational beverage companies - including Coca-Cola and Anheuser-Busch InBev.
Why I Am Bullish On National Beverage
- After a few challenging quarters, expectations for National Beverage have fallen. While uncomfortable in the short run, such circumstances create opportunities for forward-looking investors.
- National Beverage is about "Total-Return" to shareholders - I see a special dividend by year-end 2014 as highly likely.
- Scanner-data confirms that LaCroix is experiencing tremendous growth - This growth will increase the brand's "special situation" value and contribute to fiscal year 2015 results.
- In a press release dated a few weeks before quarter-end, the CEO stated that Q1 results were "more than on track" and "passionate" - Yet the market didn't notice.
- A 'Special Situation' Opportunity At National Beverage Equals Low Risk With High Reward
- Why National Beverage Might Have Just Become The Most Exciting 'Special Situation' Story In The Stock Market
- Is National Beverage In Play? An Analysis Of National Beverage's 2013 Proxy Statement
- National Beverage: Upside Potential With Low Risk
- National Beverage Is Priced To Deliver Excellent Shareholder Returns