RE: Results good or bad28 Jan 2022 14:17
I agree with AofC. Tasty really is the gift that can't stop giving. Just imagine where IG would be now if they had not bought them.
Obviously the shares were hit hard when it was annouced and again today as tastys owners start to sell down their holdings but that is not the worst of it.
For me the worst news is the downgrading of tasty growth projections by the analysts, they were hoping for >35% Y on Y, now 25-30%. That makes the purchase price look even worse.
Then you have all the distraction and change of focus to try to make tasty a success, at what cost to the original business? Then finally you have the remaining tasty owners who presumably are also waiting to offload, so a long term overhang.
I really hope there is a masterplan behind the purchase, but i cant see it.