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.
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