DTEA - DavidsTea: A Totally Misunderstood Restructuring Case Offering Significant Upside Potential
Investment thesis
Against the backdrop of the recent developments, it's time to revisit DavidsTea (DTEA), nearly one year after my initial article about the company. Since then, the stock has had a rocky ride, rising from around 1.40 US$/share to a high of 2.30 US$/share within a month after the publication of my report, followed by disappointing earnings which caused the share price to fall back to previous levels. Then, just after the shares recovered from their all-time lows as a result of the COVID-19-induced store closures, management sent the stock almost