May. 16 at 2:31 PM
$SNAX If the insiders are shopping around trying to find a buyer, here's my thoughts on some potential companies.
Hormel: CEO has a history with them. Very big company, so buying Stryve would be a drop in the bucket for them. Could potentially incorporate Stryve products into the Hormel Gatherings brand of party trays.
Conagra: CEO has a history with them. Another very big company, so would be a drop in the bucket. They have some familiarity with types of meat snacks, owning both the Duke's and Slim Jim brands.
Hain: CEO has a history with them. Distressed company that has seen better days, but they had a lot of success when he was with them. Maybe they believe he could turn things around and would buy in for that.
Jack Links: Big private company, so financials are less transparent, but probably a drop in the bucket. Easy fit, but they already bought Biltong Depot so might be redundant. However, could see as opportunity for more market share.