What the UTZ!? (CCH)

[SilverKnightLV]

Utz board open.

[SilverKnightLV]

So, just the weekend to keep posting here as Monday one of us will request a UTZ board. It'll be sad to see the original go, but all children must grow up.

[DS CPA]

Seriously. I loaded up on 9/18 17.50 calls between 0.20 and 0.25 a contract just a week and a half ago. Already up massively and hoping the best is yet to come.

Sounds like the ticker conversion is likely to be Monday based on an interview with Forbes that Dylan Lissette did this morning. Also someone on ST posted a supposed email from Dylan to Utz employees that said they will be ringing the NYSE bell on Monday. Hopefully all that is true and this can blast off next week.

[Carlgetsmoked]

Lol man i guess people didnt like making a ton of $$. Oh well. Onward and upward

[Carlgetsmoked]

Couldn't have said it better myself. The hours of DD ive poured into this has me at a loss to find a negative to this deal. Ive never been so confident in something giving a return from current levels as i have here. A $25 PT a year from now is my expectation and have no doubt we can get there. 11x p/e? Cmon like Cramer said thats way to cheap for this and how the markets are currently trading valuation levels. We have a winner here. Throw in the dough and watch it percolate.

[DS CPA]

I’ve been in this one as well. I am optimistic the market will price in a much higher valuation once this combination is final and the ticker symbol is converted to UTZ (could be as early as Friday).

Utz is a very interesting investment opportunity. On one side of the coin, you have an established 99 year old brand that is iconic on the east coast and in the flagship markets it serves. On the flipside, you have a company that is very regionalized currently and has tons of untapped market potential to support continued growth (which they have a proven track record of doing).

After the volatility dies out post-merger, I would expect this to be a rock solid long-term option to park cash given the dividends and decades of growth even through recessions. For that reason, I would think institutions would love this stock. Warrant Buffett had also been quoted years ago saying he had inquired about buying Utz in the past. A large investment by Berkshire would be momentous for this stock if it were to happen.

Hoping for good things out of this one in the coming weeks.

[Carlgetsmoked]

Still killing it and here comes the meeting on the 27th!

[Bigmac83]

Any PPS predictions on the warrants?

[Carlgetsmoked]

Best kept secret I guess. Guess who held strong on a 700pt down day? This winner right here! LFG $CCH

[Carlgetsmoked]

I'm still in this to win this. I was really looking through the S-4 yesterday and bottom line this is a "safe" place to park your cash. It's not going to make you rich beyond your wildest dreams but if you want a good steady growth dividend stock with a well managed century old company with a product that never gets old then this is the one for you. I'm predicting $15-$20 after merger. I really can't see it higher than $20 by year's end and maybe not even by then but in the face of so many companies revenues taking a hit in q's 1-3 I believe this company will show much better numbers compared to other sectors come end of year/q-4 and the consumer products sector will be one of the safer havens for parking your cash. Just my opinion and my hope of nice steady growth.

[Kingsolomonspoolz]

Not at all. Not one bit. Utz has billions in the bank just sitting.

[Carlgetsmoked]

I think you may be a tad overzealous with a $100 target but $20 with 77m outstanding shares upon merger and redemption of warrants seems doable to me

[Carlgetsmoked]

Depending on your broker
$CCH.WS
$CCH+

One of those should work

[Kingsolomonspoolz]

https://www.foodtradenews.com/2019/11/29/utz-to-surpass-1-billion-in-sales-with-conagra-dsd-acquisition/

[Kingsolomonspoolz]

Utz is a 100+ year old company. This stock will AT LEAST be in the $100's. ...with dividends I think.

[KDOG9]

Are there warrants?

[Carlgetsmoked]

CCH getting into the frozen foods as well

Zapp’s launches new line of frozen appetizers
https://www.wafb.com/2020/05/28/zapps-launches-new-line-frozen-appetizers/

[Carlgetsmoked]

$.20 quarterly dividend is so baller. $70k pays $4k a year. That's huge imo. I'm so here for the inevitable $20+ that's coming

[Carlgetsmoked]

Nice! LFG! I added more today on the early dip. Avg 13.87 now

[QuadFather]

Perfect. Thanks. I’m going in.

[Carlgetsmoked]

Yessir on merger in the 3rd quarter this year

[QuadFather]

So will this ticker change to UTZ?

[Carlgetsmoked]

Slow and steady wins the CP space

[Carlgetsmoked]

I went all in today @$13.92 avg. This brand is huge. There isn't one negative I can find here other than maybe a slower growth rate due to sector crowding but at this price this is massively undervalued. $20 upon merger would put it inline with a more accurate valuation. I see nothing but good here. Nationally distributed product with over 100yrs in business and a household name. It's debt from recent acquisitions will be essentially cleared with the cash hoard and give them dry powder for future acquisitions. The companys management/ownership stays in place so direction is sustained. Over 1b in sales yearly. This is a slam dunk to $20+ I hope people don't sleep on it

[JAGNYC]

How do you see UTZ doing long term?