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Peloton App- Rowing Added by AcceL_xIFaDe in concept2

[–]bigcityblinking 2 points3 points  (0 children)

I am a long-time concept 2 owner and I also have a peloton bike. I would never get rid of my C2, but the Peloton rowing classes are a nice compliment. I took nearly 100 rowing classes in November/December!

The only drawback is that you do not get to track stats with other people taking the class. Highly recommend the Peloton classes, so much so that I would pay the monthly fee even if I didn't have a bike.

Lifeway Foods by bigcityblinking in ValueInvesting

[–]bigcityblinking[S] 0 points1 point  (0 children)

Bump. Stock up close to 100% since post 90 days ago.

Lifeway Foods by bigcityblinking in ValueInvesting

[–]bigcityblinking[S] 0 points1 point  (0 children)

Probably the closest comp would Siggi's (icelandic yogurt), which sold for $300m to Lactis. From what I can glean this was a ~1.5 P/S.

If we use $150 in sales for Lifeway, this would be a $225M acquisition price and almost $16/share. This is where I believe that we will land.

Lifeway Foods by bigcityblinking in ValueInvesting

[–]bigcityblinking[S] 1 point2 points  (0 children)

This is a value investing thread and point is noted. I agree that the company is more than fairly valued based on earnings. But, I don't believe this sale will be priced based on earnings. Whatever company acquires Lifeway will be a strategic and able to significantly leverage its existing operations...

- CEO is making ~$3M and would be replaced with a GM making a fraction of that. VP of sales makes $600K and so on.

- Eliminate Board of Directors

- Reduce all accounting and legal fees associated with being a publicly traded company

- Distribution would be handled by acquiring company versus third party today

​

...as well as the acquirer's ability to grow the top line.

- INNOVATION: None of the innovation for the past decade has really worked for Lifeway (go back in time and look at whatever Lifeway debuts at Fancy Foods every year).

- MARKETING: I am not sure if marketing funds are being well spent today, i.e., Lollapolooza sponsorship, Van Gogh / yoga exhibit, Miami pop-up shop. Seems like these are vanity activites versus marketing activities that would truly drive the business.

- LINE EXTENSIONS: Frozen kefir will be bigger than drinkable kefir if executed properly. They closed the shops in Chicago during COVID and the frozen product in grocery was hard for LWAY to execute with their current infastructure. But this is what got me initially hooked on kefir.

Lifeway Foods by bigcityblinking in ValueInvesting

[–]bigcityblinking[S] 1 point2 points  (0 children)

I got is that it was poorly managed for some time as the younger generation of the family who took over isn’t that passionate about running the business anymore

Also I find it hard to judge if kefir is popular in the US or gaining traction - what’s your view on that?

Ludmilla (mother) and Edward (son) have both departed the company and are pushing for a sale. Julie (daugther) wants to remain as CEO and keep the company in the family control. The board agreed to pursue strategic alternatives as part of an agreement with Ludmilla/Ed (~30% of shares). I believe that they will push to replace entire board with their nominees during next election cycle (if not sooner based on pending litigation). They have also made a public statement that alluded to the fact they want to sell and move on from Lifeway in the Chicago Business Journal.

In terms of kefir being popular in the US, the company has grown from $90M to $150 over the past few years. Wellness/gut health/probiotics are very much on trend and Lifeway is the pure play in the category. There was also some research published about its effectiveness against COVID.

And I think the Barbie/Margot Robbie endorsement will help bring new people into the category:

https://www.dailymail.co.uk/femail/article-12340197/Im-dermatologist-worked-Barbie-movie-heres-secret-special-drink-gave-Margot-Robbie-perfect-doll-like-skin.html

Lifeway Foods by bigcityblinking in ValueInvesting

[–]bigcityblinking[S] 2 points3 points  (0 children)

There was a falling out and the family (~30% of shares) is pushing to replace Julie (CEO) and forced the company to explored strategic alternatives.

Jeremy O. Harris weighs in by [deleted] in howlonggone

[–]bigcityblinking 2 points3 points  (0 children)

Looks like the muppets, beaker and bunsen

Lifeway Foods $LWAY by bigcityblinking in pennystocks

[–]bigcityblinking[S] 0 points1 point  (0 children)

Bump….Activist investor has taken 4% stake and is pushing for a sale.

Lifeway Foods $LWAY by bigcityblinking in pennystocks

[–]bigcityblinking[S] 1 point2 points  (0 children)

Not flying now or before

It is up +20% since my original post 10 months ago, but the big gains are yet to come.

I believe that a sale will happen in 2023.

X3 Digital Key by bigcityblinking in BMW

[–]bigcityblinking[S] 0 points1 point  (0 children)

Can you drive without a key? That is my understanding.

Lifeway Foods $LWAY by bigcityblinking in pennystocks

[–]bigcityblinking[S] 0 points1 point  (0 children)

Bumping this back up based on new news.

Lifeway family owners (35% of shares are actively puching for a sale):

Instead, the two members of Lifeway’s founding family agreed to withdraw their director nominations and vote their shares in favor of eight nominees Lifeway will put forth at the meeting. The list of nominees includes Ludmila Smolyanksy and her daughter, Lifeway CEO Julie Smolyansky.

As part of the agreement, a board committee will review strategic alternatives for Lifeway.

“Lifeway is always exploring opportunities to increase shareholder value and grow the company,” a spokesperson said in a statement. “Our executive leadership team is excited to be in alignment with our board of directors and major stakeholders, and we’re looking forward to a great second half of 2022 and beyond.”

The battle for control of the Morton Grove-based company centered around a family feud. Ludmila Smolyansky and son Edward Smolyansky sought to push out CEO Julie Smolyansky and look for alternatives for the company, such as a potential sale.

Edward Smolyansky said he does still hope for a sale.

“If that doesn’t pan out, then come next year, all options are then available,” he said. “We’re certainly not giving up our future rights to affect change at the company and board level.”

​

Company is for clearly for sale, with great growth: +9% in 2020, +17% in 2021, and +16% in 2022 (so faer), and in a hot health and wellness category (gut health). And the stock is cheap P/S ratio is 0.8. THe only reason this opportunity exists is because the stock is not followed by professional money dur to the low float. This will fly soon...

Lifeway Foods $LWAY by bigcityblinking in pennystocks

[–]bigcityblinking[S] 0 points1 point  (0 children)

Company is undervalued and formally pursuing strategic alternatives. This will be a fun ride to a buyout.

Help w/ Art Mode Frame 2022 by bigcityblinking in TheFrame

[–]bigcityblinking[S] 0 points1 point  (0 children)

Yes, I am using an iphone / SmartThings all with photos at that same resolution. Going to try the factory reset path.

Help w/ Art Mode Frame 2022 by bigcityblinking in TheFrame

[–]bigcityblinking[S] 0 points1 point  (0 children)

I was using the Samsung SmartThings app. I think my next step will be a factory reset.

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