Utz Brands: Management Is Making Big Changes For The Sake Of Long-Term Prospects

Feb. 02, 2024 5:24 PM ETUtz Brands, Inc. (UTZ) Stock, , , , , 3 Comments

Summary

  • Utz Brands has seen its share price increase by 31.8% since June 2022, exceeding expectations.
  • The company announced major changes, including selling off assets and reducing long-term debt, which could have a positive impact on operations.
  • Utz Brands is working on a cost-cutting program that aims to reduce costs by $45 million and improve profitability. However, it is still too early to determine the success of these initiatives.
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Utz Snacks | Bar-B-Q, Plain Potato Chips and Cheese Crunchies

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He runs Crude Value Insights, a value-oriented newsletter aimed at analyzing the cash flows and assessing the value of companies in the oil and gas space. His primary focus is on finding businesses that are trading at a significant discount to their intrinsic value by employing a combination of Benjamin Graham's investment philosophy and a contrarian approach to the market and the securities therein. Learn more.

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