Traeger: Weber Take-Private Offer Suggests More Upside For Stock

Nov. 15, 2022 12:27 AM ETTraeger, Inc. (COOK) StockCOOK4 Comments
Macrotips Trading
6.05K Followers

Summary

  • Traeger is the category leader in high-end wood pellet grills.
  • Despite a disappointing quarterly earnings report, Traeger's stock price was able to rally back, suggesting seller exhaustion.
  • A takeover offer for Weber, a grill competitor, highlights potential upside in Traeger's valuation.

M&A abbreviation - mergers and acquisitions, on wooden cubes on a light background.

Nastassia Samal

A few months ago, I wrote an article highlighting the potential value in Traeger, Inc. (NYSE:COOK) that was underappreciated by the market. While there's no denying that the company's fundamentals were poor, it was mostly because of a bloated cost

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6.05K Followers
Author of the Macro Trends & Inflection Points Newsletter. I spent 5 years as a co-founder and hedge fund CIO / manager. Before that, I was a hedge fund analyst/portfolio manager at a leading Canadian alternative asset manager. I write articles as part of my own due diligence on the stocks that I find interesting.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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