NoDerog/iStock Unreleased via Getty Images Introduction Per my April 2023 article, Monster’s (NASDAQ:MNST) gross margin has fallen substantially from the 60% level of 2019. Some of this is transitory due to the company’s covid philosophy of emphasizing product availability over economics. However, some of it is permanent seeing as growth is high in segments where…
Thai Beverage Public Company Limited (OTCPK:TBVPF) Q4 2023 Earnings Call Transcript November 23, 2023 5:30 AM ET Company Participants Namfon Aungsutornrungsi – Head of IR Ueychai Tantha-Obhas – Director and Senior EVP and COO, Thailand Prapakon Thongtheppairot – EVP, Chief Spirit Product Group, Group CFO Lester Tan Teck Chuan – Chief Beer Business, Thailand Sithichai…
courtneyk/E+ via Getty Images Introduction Davide Campari-Milano N.V. (OTCPK:DVCMY) is an international drinks company known for its iconic brands: Campari, Aperol and Sky Vodka. I have been following Campari as an analyst for several years, and it’s my favorite in the beverage sector. The company still has a modest market value of 12.14 billion EUR…
Wirestock/iStock via Getty Images Investment thesis I have closely monitored the daily trading activity of Molson Coors Beverage Company (NYSE:TAP) since mid Q2 when a quant that I developed uncovered a pronounced diversion between the Seeking Alpha “buy” quant ratings of 4.09 and the Wall Street “hold” quant rating of 3.00. Of the 4,500+ stocks…
SolStock Investment thesis I initiate my coverage of the Monster Beverage Corporation (NASDAQ:MNST) and rate it a Hold following my research into the company and the underlying market, and the company’s strong Q2 results. Overall, I initiate a bullish view of the company but believe its valuation is too demanding today. I view the company’s…
Jack Taylor Summary This post is to provide an update on my thoughts on Monster Beverage’s (NASDAQ:MNST) recent performance and 2Q23 results. I recommend a buy rating for MNST as I expect earnings growth to remain strong in the low 20% range, supporting its valuation premium vs. peers. Investment thesis The 12.1% increase in revenue…