RVAC - Westrock Coffee added as best best idea long at Hedgeye ahead of de-SPAC

Westrock Coffee (NASDAQ:RVAC), which is going public through a deal with SPAC Riverview Acquisition Corp., was added as a best idea long before at Hedgeye before its expected de-SPAC in Q3. RVAC ticked up 0.4% in premarket trading. The SPAC offers "compelling value'' for an "essential player" in the coffee industry, according to Hedgeye analyst Daniel Biolsi. Westrock is profitable and the company's 20% revenue CAGR and margin expansion are "best in class" for top and bottom-line growth. Westrock Coffee  announced early last month an agreement to go public through a deal with SPAC Riverview Acquisition (RVAC). The transaction values the combined company at a pro forma enterprise value of about $1.09 billion. Westrock Coffee (RVAC) provides over 20 million cups of coffee to the world daily. The company describes itself as the largest custom/private label coffee and tea provider to restaurants in the U by volume, and the second largest coffee

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Westrock Coffee added as best best idea long at Hedgeye ahead of de-SPAC