Consumer Staples
The stock has doubled since listing last year, but remains incredibly inexpensive at just over 5.0x estimated FY22 EBITDA - ACI continues to be one of R5’s top Buy recommendations, due to the strength of its management team, the likes of which they have not seen before in the grocery industry. Scott Mushkin had anticipated a very strong 2Q and ACI did not disappoint. In his latest piece, Scott updates his thoughts on the firm’s omnichannel strategy, capital allocation, ROIC, pensions, real estate and, of course, risks. TP $42 (40% upside).
Edition: 123
- 12 November, 2021