|
CLICK HERE at the time of the event for the live webcast and materials. |
Last month we added Utz Brands to the bottom of our position monitor as a long to position ourselves to take advantage of weakness in the share price from concerns over inflationary pressures. From the Q2 results, we got the lowered guidance that we were looking for. The current inflationary pressures are nearly a perfect storm of higher costs. Investors are concerned that the higher costs will not abate this year. In our view Q2 represents the trough in margins as pricing initiatives take effect in the 2H.
On September 1st we will go into detail in our investment thesis:
