Consumer

Duckhorn Wines (NAPA)

The wine business has come a long way in the past few decades. Back in the 1980s, I was an investor in Edna Valley Vineyards and I learned that equity investors don’t do very well in the wine business. The investment was still a good one only because of their annual “shareholder event” which featured…

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Restaurant Chains go Online with Olo

It’s been chaos for restaurants over the past year. We’ve seen the rise of DoorDash (DASH), GrubHub (GRUB), and Uber Eats (UBER) to address the acute need for widespread food delivery. Longer-term this is just a huge catalyst to re-engineer the business. Once menus are online it’s simple to just use a QR code for…

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NeoGames

People love to play lotteries. States have capitalized heavily on this with their own lottery programs. Some criticize it as a “regressive tax” but players respond to the lure of only needing “a dollar and a dream.” Government-sponsored lotteries are now woven into the fabric of our society and have become a key aspect of…

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Leslie’s wants to join the pool party

Leslie’s (LESL) is in the pool business which has been getting a major COVID-driven bump in demand this year as people have shifted spending from travel to their back yards and in some cases, pools. The current range is $14-16. Investors are aware of the trend and many have enjoyed the outperformance of stocks like…

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A closer look at Laird Superfood (LSF)

Laird Superfood (LSF) makes plant-based products ranging from your morning coffee creamer to your sports hydration to your evening hot chocolate. These alternative food brands are growing as consumers look for healthier options that are still great tasting and satisfying. This deal will come next week and be small at only 2.2-2.5M shares with a range…

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Online Betting with GAN

This week we finally have an interesting IPO (of sorts) with GAN Limited (GAN on the NASDAQ). Since they are listed in London on the AIM market some capital markets services are treating this more like a secondary offering. However there’s a roadshow, underwriters and a book-building process so we’re treating it like an IPO….

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Ride the Bike

Peloton (PTON) represents the top of the heap in terms of home fitness. Their stationary bike is the best but they have gone to great expense to make it so – including building their own touchscreens, software systems, content development studio, retail locations, special music software, even their own clothing. Their bike costs over $2000…

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Mostly Smiles for SmileDirectClub

SmileDirectClub (SDC) is aiming to disrupt the market for improving teeth. The company is growing fast and will likely be embraced by investors. In short, SDC is trying to do for braces what has been done for contact lenses by offering a direct-to-consumer solution that doesn’t require a visit to an orthodontist. The deal is…

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Revolve Group Spins the Fashion World

Revolve (NYSE: RVLV) describe themselves as an “on-line, on-trend fashion company” but they are really more of a technology-focused marketing and distribution channel in the fashion industry. The founders are not from the fashion world and the current team is much more technology than fashion focused. The “Influencer” Thing is Real In the old deciding…

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They Highly Caffeinated Luckin Coffee

Luckin Coffee (NASDAQ: LK) aims to be “the number 1 coffee company in China” and their staggering growth suggests they will get there. But will it be a pyrrhic victory? Some Positive Points Rapid Expansion: The pace of expansion at Luckin is hard to compare to what you might find outside of China. For instance…

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