STKL: Adding SunOpta to Investing Ideas (Long Side)

08/24/20 04:02PM EDT

Hedgeye CEO Keith McCullough is adding SunOpta (STKL) to the long side of Investing Ideas. Below is a brief note.

My Independent Research (read: non-banking and non-unreformed-brokering) teammates and I continue to scour the Full Cycle Investing landscape for ways to be long of Commodity Inflation.

This SunOpta (STKL) idea by Consumables analyst Howard Penney is a lot more than just that - it's got ingredients!

Here's a brief summary paragraph from Penney on the name in a prior Institutional Research note:

We are adding SunOpta (STKL) to the Best Idea List as a LONG bias.  SunOpta, Inc. engages in the sourcing, processing, and packaging of organic and non-genetically modified food and beverage products. It operates through the following segments: Global Ingredients, Plant-Based Foods and Beverages, and Fruit-Based Foods and Beverages.

Don't be a chaser. Buyem when they are red!

KM

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