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COCO - The Vita Coco Company: Why We Are Not Buying This Busted IPO
June, 01 2022 12:16 AM
The Vita Coco Company Inc.
So far, Vita Coco has been a busted IPO and one in which we would not invest despite the lower share price. We see many headwinds for the company, from low margins and high transportation costs, to growth challenges ahead. Most of the IPO proceeds went to selling shareholders and not to strengthen the company's balance sheet. For further details see:
The Vita Coco Company: Why We Are Not Buying This Busted IPO
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