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Whole Earth Brands, which boasts of leading sweetener brands in its portfolio, has seen a 38% rise in price since late October 2022. Can it sustain the fast rise?
Its revenue is growing alright, though its earnings have taken a hit as inflation and high-interest rates have increased expenses. It also reported a net loss recently.
Yet its P/E ratio looks quite elevated in a year that's not forecast to be pleasant. There are still some arguments to the upside though. What wins?