Whole Earth Brands (FREE)

[djmurdock]

$ACTT

Check out this large merger play, that IMO, is looking stellar. Whole Earth Brands will be voting on merging with $ACTT later today and will most likely go through. I'm hearing 52% so far. It looks like they have created a new management team and want to rapidly expand through this merger.

Whole Earth Brands has two main brands Marisant and Mafco. Marisant mainly makes artificial sweeteners, including freaking Equal (yes, that Equal at every coffee shop) and many other stevia based products. They also produce baby foods (I've used their formula, two thumbs up) dog food and many others as well having multiple legit subsidiaries.

Mafco is a licorice producer used by many large corporate partners including Hershey, etc.

Whole Earth products are sold all over....Walgreens, Costco, Amazon, Wal Mart etc etc And is a rapidly growing market, especially with the explosion of keto diets. The only tiny negative I see is a slight decrease in revs/profits the last three years, but I think that is the reason for the merger and expansion.

Per the CEO: Mr. Simon commented, “We are excited to create Whole Earth Brands, a global, industry leading platform, focused on on-trend food products and ingredients. We are in the early stages of the global secular consumer shift away from sugar and increased emphasis on natural ingredients and clean labels. Whole Earth Brands will be uniquely positioned as a global player addressing this sizeable opportunity and will provide a strong foundation for robust organic growth and future strategic acquisitions. Our brands, significant free cash flow and the highly accomplished leadership team combined with our public listing and flexible balance sheet will allow us to reinvest in the business in a way that has not been done before and execute an accelerated growth strategy, driving long-term shareholder value.”

Whole Earth had 2019 sales of 272M and 108M in profits! With only roughly 40M outstanding shares and a tiny market cap of roughly 440M, this is looking very undervalued IMO. Actually not very, this is looking CRAZILY undervalued right now. If approved it could be trading on the Nasdaq by Friday (so I hear).

This has only ran about 10% since the merger news and over all the deal is very cheap, so has plenty of room to run IMO.

Some quick DD:

http://www.equal.com/

Large block buy at close:
https://twitter.com/Richard29…/…/1275546410507808769/photo/1

Amazon products/reviews:
https://www.amazon.com/s…

Investor Presentation, which is very in depth:
https://static1.squarespace.com/…/Whole+Earth+Brands+Invest…

Disclosure: I own shares of $ACTT