Author Topic: FIZZ - National Beverage Corp  (Read 19138 times)

Gregmal

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Re: FIZZ - National Beverage Corp
« Reply #30 on: November 07, 2019, 04:59:06 PM »
https://www.yahoo.com/finance/news/coca-cola-launches-its-biggest-new-drink-in-10-years-143007455.html

Remove Coke from the list of suitors.

I really haven't seen a company's CEO/majority owner neglect opportunities and purposely destroy value quite like Capporella has done.

Seltzer water becomes a trendy new millenial/health fad, ride the wave up...great

Competition marches in...close your eyes

Fallacious hit pieces destroy the reputation of your company...act like an ever bigger lunatic in your quarterly letters

Spiked seltzer becomes a craze...refuse to partner with an alcoholic beverage company

Several large soda/drink companies want in to the bubble water craze....refuse to even entertain putting your company up for sale


But hey, maybe he'll do another $2 special dividend. Since he's more or less just paying himself...


Gregmal

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Re: FIZZ - National Beverage Corp
« Reply #31 on: December 28, 2019, 01:19:47 PM »
After continuing the rounds of holiday gatherings it continues to amaze me the share of right and/or left hands that White Claw possesses. To which my only thoughts continue to be, Nicholas Capporella, what the fuck are you waiting for? A LaCroix hard seltzer announcement would probably double the valuation here overnight.

Gregmal

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Re: FIZZ - National Beverage Corp
« Reply #32 on: February 20, 2020, 10:57:57 AM »
https://www.businesswire.com/news/home/20200219005533/en/

Potentially huge implications from this. I bought some this morning

roark33

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Re: FIZZ - National Beverage Corp
« Reply #33 on: February 20, 2020, 11:48:19 AM »
What are the implications?  Other products have gained significant traction in the past year as this "lawsuit" and related PR caused people to try other products, most notably, Bubly and Spindrift. 

Just not sure someone retracting that lawsuit matters after the damage has already been done. 

Remember when Tilson said, whoops my bad on the accusations against Lumber and then Lumber became a 10B company in the following year as sales/profits recovered dramatically? 

Just kidding, that didn't happen. 

gfp

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Re: FIZZ - National Beverage Corp
« Reply #34 on: February 20, 2020, 11:54:08 AM »
other products, most notably, Bubly and Spindrift. 

Most notably, Kirkland.  Costco has a huge hit with the Kirkland version of LaCroix.  I hope for FIZZ's sake that they are actually the manufacturer of the Kirkland stuff, but I doubt it.

Gregmal

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Re: FIZZ - National Beverage Corp
« Reply #35 on: February 20, 2020, 12:05:19 PM »
Others have gained market share for sure but at the end of the day La Croix is still the premier name is that space. This has been a MAJOR distraction for Caporrella. Clearing the skies cant undo market share losses, but it can let the brand recover. Sparkling water is a growing product category, there is plenty of money there for everyone. It would be one thing if this had 50% market share and a $10B market cap; it doesnt though. La Crox additionally should be launching several new flavors/products this year, which probably reinvigorate the brand a bit. But I think given the absurd level of focus and time spent by the company on getting this verdict, that the next logical step is to repair the harm done to shareholders. If anyone is familiar with the ownership breakdowns here, its not hard to see several very easy ways Caporella can make a lot of noise.

roark33

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Re: FIZZ - National Beverage Corp
« Reply #36 on: February 20, 2020, 12:08:12 PM »
Yeah, Kirkland too.  Also, price compression at grocery stores has been a real thing as Bubly has just been endlessly discount happy.

Not disagreeing with you completely and I own some shares, but I seriously doubt Nick does anything about this.  he has owned the same percentage of this company for the past 10 years, probably longer than that.  He is just happy to write his press releases and collect dividends every 2 years.

Gregmal

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Re: FIZZ - National Beverage Corp
« Reply #37 on: February 20, 2020, 12:18:29 PM »
Hopefully this allows him to turn his focus. I dont think the current valuation is all that bad regardless. There was a ton of resiliency around $40 even with the overhangs and terrible results. Comps look somewhat favorable here, and you've also now largely gotten this whole ordeal put to bed. Given the still huge short interest and all, I think its somewhat compelling. A corporate action, some have discussed a large tender, would set this thing on fire.

Gregmal

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Re: FIZZ - National Beverage Corp
« Reply #38 on: March 05, 2020, 01:53:00 PM »
https://www.businesswire.com/news/home/20200305005854/en/

Starting to see some improvements here, with some big product launches weeks away.

mwtorock

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Re: FIZZ - National Beverage Corp
« Reply #39 on: March 06, 2020, 06:11:40 AM »
Buyback actually did happen - 4.3m for 100k shares in the quarter. Still over 260m in cash.