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Shares of Sodastream (SODA +0.5%) break higher with fresh chatter out that the company could be...
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Thursday, September 13, 2012, 11:00 AM ETShares of Sodastream (SODA +0.5%) break higher with fresh chatter out that the company could be a takeover candidate. Though Kraft, Coca-Cola and PepsiCo are routinely trotted out as the leading candidates to snap up the beverage machine maker, as a global target and with SODA's market cap still below the $1B mark the list of potential buyers is much longer with a sleeper or two included.
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SODA is in:
Williams Sonoma (CO2 Exchange)
Kohls
Bed Bath and Beyond (CO2 Exchange)
Target (Starting CO2 Exchange)
WalMart (CO2 Exchange)
As well as dominant market share in Europe and inroads in Asia, Africa and South America
The company has:
0 debt
Positive Cash Flow
55%+ earnings growth
40%+ revenue growth
as well as a valuation that is 50% under their projected growth rates.
I would expect any buyout to be in excess of $1.2B if not more.
The rumor must not have much weight behind it, volumes are still normal for the day.