I can’t believe this is happening, there is a new research report just released on BNNY that I am very anxious about. Underground Stock Alerts (google them) just released this today! This research group has a huge influence on the market, I’ve seen them move stocks 500 - 1500% in ONE DAY and also influence the market down as well. You guys get the report? Curious to hear your thoughts, not sure if I should sell or hold.
No matter how I slice it I don't see how the company can achieve the growth required to support the current valuation. The company has solid products and a great brand but paying 4.75x revenue is nuts. They are selling in multiple parts of the grocery store, but each product line is still small enough that I question whether the brand means anything to the average consumer across different product sets. Part of their growth story is that they are trying to push into the frozen aisle with their pizza but have not been able to gain significant ACV within mainstream grocery. There are lots of great tasting organic and conventional frozen pizza brands fighting tooth and nail for the same limited freezer space. How they will be able to grow in this set without paying significant slotting fees is a mystery to me. Given the run up in the price since the beginning of the year what am I missing?