Hey All -
I have initiated another small position in G Willi Food Products (WILC). They are an Israeli food distributor dealing with kosher products and a market cap nearing $87M. I think there are a lot of things going for it. The two founders recently sold some of their stake for over $10 p/share. Though founders selling out could be viewed with pessimism, it was to a Ukrainian billionaire with past experience in the industry. They have even mentioned the possibility of expansion into the US which could substantially increase revenues.
It has several dollars worth of cash sitting on the balance sheet with a stock price sitting just below $6.70 at the current price. The stock is bouncing around near its 52 week low due to an earnings miss, but I believe this to be a short term overreaction and a good entry point. WILC looks like it could either make an acquisition or similarly be acquired in the future due to profitability and the balance sheet.
Although the stock has historically been cheap, I think there a number of catalysts and all we need is one to play out to see a nice gain.
Happy Investing,
Ben
Disclosure: Long WILC.
Information in this post has not been independently verified and should not be taken as a recommendation. Please conduct your own due dilligence before investing.
