TTCF - This Under-the-Radar Company Hopes to Quintuple Sales. Is It a Buy?
In 2020, frozen-food company Tattooed Chef (NASDAQ: TTCF) went public with the help of a special purpose acquisition company (SPAC).
An SPAC doesn't have to provide as much financial transparency as companies that go public through the more traditional route of an initial public offering (IPO). It's one of the downsides with SPACs for investors: You have to piece together information gradually as it becomes available.
Perhaps this is why some SPACs have been vulnerable to attacks from short-sellers. In November, Kerrisdale Capital released a 20-page report detailing why it was short shares of Tattooed Chef. In other words, the firm believes the stock will fall, and it's actively betting on it to happen. Meanwhile, Tattooed Chef supporters point out this is a rapidly growing company. In fact, management believes sales will quintuple by 2026.
For further details see:
This Under-the-Radar Company Hopes to Quintuple Sales. Is It a Buy?