2024-07-18 08:30:00 ET
Summary
- Celsius Holdings, Inc. investors have endured a massive battering as the market reassessed CELH's growth premium.
- Disappointing Q2 performance from PepsiCo has raised execution risks for Celsius.
- The company's global expansion plans will likely be closely monitored to assess the potential for a valuation re-rating.
- While I acknowledge CELH's expensive valuation, panic selling has not been assessed.
- I argue why high-conviction investors should capitalize on the selloff to add more shares. Read on.
Celsius: Feeling The Heat Of A Bear Market Decline
Celsius Holdings, Inc. ( CELH ) investors have endured a massive hammering since CELH topped out again below the $100 level in late May 2024. As a result, while my upgrade to Celsius stock seemed timely, the market has proved me wrong since then. I anticipated a buy-the-dip opportunity, even though I acknowledged its valuation was still expensive. As a reminder, I had previously cautioned investors with a Sell rating on CELH in February 2024. I underscored its highly expensive valuation and assessed that its global expansion plans weren't sufficient to justify the market's bullishness....
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For further details see:
Celsius: Steep Plunge Hasn't Invalidated Its Bullish Thesis