Tattooed Chef Inc (TTCFQ)

[Televet]

Tattooed Chef: Buy The Dip

https://seekingalpha.com/article/4449590-tattooed-chef-buy-the-dip?mail_subject=ttcf-tattooed-chef-buy-the-dip&utm_campaign=rta-stock-article&utm_content=link-2&utm_medium=email&utm_source=seeking_alpha

Conclusion

Overall, my opinion about Tattooed Chef does not change. The long-term thesis is intact and I still believe the full-year revenue result will be better than the midpoint of the guidance.

However, I see the negative QoQ revenue growth and the unstable margins with the downwards EBITDA guidance revision as yellow flags.

Therefore, even though the price drop makes the valuation of TTCF more appealing, I update my rating from "Strong Bullish" to "Bullish".

Finally, I think this is a good opportunity to buy the dip, always keeping in mind the portfolio composition and controlling the overall exposure to the company.