Mar. 16 at 10:33 AM
$NOMD free cash flow 300m, notes 28 interest will double yes but Market ignores the rest only in 2032 with Market rates already. Debt is very manageable, they are a moneyprinter and buybacks create huge value for shareholders. Dividend already high and rising too.
Just Iglo was bought for 2.4b in 2015 vs Market Cap 1.4 today.
Just the 18 factories/real estate=market cap, with free brands on top (which are very much alive, Investments etc )
Franklin and CEO CFO buying.
Franklin and Gottesman told markets in 22 the company is quite undervalued and they contemplate transactions merger etc - sp 17-20 back then.
Founders will sell the company for 30 in 27-29 , mark my words.