Mar. 13 at 2:45 PM
$PEP popped on the activist take over. Yet Elliot’s turn around track record is checkered.
…
$PEP new strategy is marginal at best. It never had a chance to reset the multiple. Elliot swooped in and pumped the stock, which is going to jam it sideways.
This all comes from a fundamental misunderstanding of “snacking” …. The path forward for snackers is innovation.
People don’t snack with
$PEP to save .20c on your Lays potato 🥔 chips. They want flavor and comfort.
$KHC $GIS $CPB have had their multiples reset. New CEO of
$KHC at least understands that they have to invest in new products.
$KHC $CPB $GIS …. Chart will look like
$HSY from this past 2 years when we look back in 2027/2028.
