Jeroen

Is Hansen Natural a Value Trap?

Alexander, nice analysis. I believe your duopoly remark is key in how HANS is/should be perceived.

Another shortcut to valuation: even in a status quo/ no growth, without any international expansion, HANS could pay out an annual dividend of about $2 per share, without harming the business. Applying a 5% dividend yield (which not many strong stocks are yielding, even now) implies a price of around $40.