In today’s briefing:
- Last Week in Event SPACE: JSR, Austal, Rakuten, Hyundai Home Shopping, Hanmi Science
- The Boston Beer Company Inc.: Initiation Of Coverage – Is Its Positioning In The Hard Seltzer Market Its Biggest Competitive Advantage? – Major Drivers
- The Simply Good Foods Company: Initiation Of Coverage – Atkins Revitalization Plan
Last Week in Event SPACE: JSR, Austal, Rakuten, Hyundai Home Shopping, Hanmi Science
- Murakami to tender stake in JSR Corp (4185 JP)? Maybe the “double arb”: i.e. short on swap, long on cash, will tender the cash, remain short the back end.
- Austal Ltd (ASB AU) rejected (for now) Hanwha Ocean (042660 KS)‘s bid based on regulatory concerns. Hanwha reckons these should not be an issue.
- If you can tolerate owning the mobile biz, buy Rakuten (4755 JP) on dips. If not, avoid Rakuten Group and Rakuten Bank short-term; buy Rakuten Bank on larger dips.
The Boston Beer Company Inc.: Initiation Of Coverage – Is Its Positioning In The Hard Seltzer Market Its Biggest Competitive Advantage? – Major Drivers
- The Boston Beer Company’s Fourth Quarter 2023 Earnings revealed an operational performance meeting the midpoint of their forecast, with depletions down by 6% for the year and gross margins achieving an improvement of 120 basis points.
- However, net loss for the quarter indicated challenges, standing at $18.1 million, or $1.49 per diluted share.
- Baptista Research looks to evaluate the different factors that could influence the company’s price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.
The Simply Good Foods Company: Initiation Of Coverage – Atkins Revitalization Plan
- The Simply Good Foods Company achieved financial results that were in line with their estimates for the fiscal first quarter that ended on November 25, 2023.
- The company reported an increase in its net sales by 2.6% to $308.7 million, propelled by the continuous momentum from its Quest range.
- The 40-basis point increase in the gross margin, which improved to 37.3%, was attributed mainly to lower ingredient and packaging costs.
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