Monday, June 12, 2023
Joe Gomes, Managing Director, Equity Research Analyst, Generalist , Noble Capital Markets, Inc.
Joshua Zoepfel, Research Associate, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
A Chat. We had an opportunity to speak with David Kanen about his Lifeway investment and letter to the Board. Mr. Kanen reiterated a number of points he brought up in his letter, which we encourage investors to read. Mr. Kanen noted his desire to see other investors become familiar with the Lifeway opportunity.
What About the Proxy Contest? Mr. Kanen observed that, in his opinion, even if Edward and Ludmila Smolyansky are unable to mount a proxy contest this year, the terms of the settlement agreement would enable Edward and Ludmila to renew their quest at the 2024 annual meeting.
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