SodaStream: Thank You Pepsi
SodaStream recently hit all-time highs following strong Q2 results.
Pepsi agreed to buy SodaStream at $144 per share in cash.
The premium valuation offers an ideal time to exist a winning position.
Only a few weeks ago, SodaStream (SODA) exploded above $100 after strong Q2 results. The manufacturer of home beverage systems benefited from strong quarterly sales and incredible leverage in the system to boost earnings. The company has now accepted an offer for $144 in cash allowing investors an opportunity to quickly exit on the top after a massive rally from the 2016 lows.
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Disclosure: No positioned mentioned. Sold SODA on the deal announcement. Please review the disclaimer page for more details.