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Nat Stewart

 
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  • The Special Situation At National Beverage: Delayed Is Not Denied
    Thu, Dec. 18 FIZZ 4 Comments

    Summary

    • 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
    Wed, Sep. 3 FIZZ 35 Comments

    Summary

    • 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
    Dec. 21, 2013 FIZZ 68 Comments
  • Why National Beverage Might Have Just Become The Most Exciting 'Special Situation' Story In The Stock Market
    Dec. 6, 2013 FIZZ 32 Comments
  • Is National Beverage In Play? An Analysis Of National Beverage's 2013 Proxy Statement
    Sep. 4, 2013 FIZZ Comment!
  • National Beverage: Upside Potential With Low Risk
    Mar. 29, 2013 FIZZ 10 Comments
  • National Beverage Is Priced To Deliver Excellent Shareholder Returns
    Dec. 23, 2012 FIZZ 7 Comments
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