Added to YB: 2024-05-17
Pitch date: 2024-05-15
STKL [bearish]
SunOpta Inc.
-13.68%
current return
Author Info
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Company Info
SunOpta Inc. engages in the manufacture and sale of plant and fruit-based food and beverage products in the United States, Canada, and internationally.
Market Cap
$759.0M
Pitch Price
$5.63
Price Target
4.38 (-32%)
Dividend
N/A
EV/EBITDA
10.64
P/E
150.14
EV/Sales
1.47
Sector
Food Products
Category
N/A
New Short Position — STKL
STKL: Short plant-based milk play. Industry shift from under to oversupplied as demand slows post-COVID & supply ramps. Pricey at 17x '25 EBITDA w/ shaky fundamentals. Catalysts: guidance cuts (prior misses), debt covenant breach (elim. preferred divs signal distress). Murky valuation post divestitures & tipping point in industry.
Read full article (3 min)