Is there anything to actually turn around? Longtable bought all 3 businesses to grow them and expand. That's exactly what they are doing. It's interesting that you should raise Bubs. Longtable's 3 businesses (post acquisition of all of Maggie Beer) already generate more revenue than Bubs. And that's before Longtable has even introduced its first powder product. Bubs is not profitable yet either. The market is behaving absurdly in relation to Longtable's valuation. Near $50 million in annual sales, next to no debt and net assets of $82 million. To say nothing of Laura McBain being the driver of the bus who made Bellamys what it is today.
LON Price at posting:
21.5¢ Sentiment: Buy Disclosure: Held
